What happened to the big recession that the leading economic indicators were signaling back in October? The stories were all over the MSM.
“Strategists have predicted meltups a number of times over the past 18 months”
Because they have no idea of any facts so they scare people to make commissions. It’s easier that actually providing facts and being accountable. Like wizards and Hillary Clinton. I think she transferred herself into a toad.
If I had crystal ball, I’d be on a yacht in the Mediterranean, but there’s been such a run-up this year that some kind of >10% correction in the very near future seems almost inevitable. Let’s just hope it’s not too severe and doesn’t hit at the worst possible time (Sept-Oct 2020).
I have a democrat colleague at work who put all of his money in cash right after the election because he thought President Trump would crash the economy.
I thought it was a big deal when it hit 10,000, I think in 1991 +-
This to me sounds like a contra indicator. If you’re at a peak, then there has to be some reason to justify further gains.
Let me ask the shoeshine guy by the subway exit...
I learned years ago. Go with your own instincts when buying stocks. These “experts” are making money on your investments usually that doesn’t mean it’s in your favor
What it doesn’t say is that investors are NOT afraid that Trump will exit the White House. They don’t believe that he will be removed from office. They expect him to get reelected. They DON’T expect an anti-capitalist fool like lizzy warden to get elected.
A few weeks ago all the media started repeating the word “recession” because of some stupid insignificantly small momentary “inversion” in interest rates. They are about to stop saying “trade war with China”. They would look silly calling Trump a warmonger. Will they credit obammy for the melt-up?
And then POOF. Someone invents the engine, the automobile, and the truck.
If it occurred like that--POOF--it would cause massive market dislocations, but it would also cause the market to explode upward.
Of course, it didn't happen like that, but imagine if it had. Imagine that it didn't take years and years of slow development for new ancillary products to come into the laboratory and then into the market.
That gives you some idea of what is happening in our market right now. Many new ideas are in development...and these aren't ideas that will take years to come to market.
As we can see in the recent past, the world (economically and product-wise) is VERY different than just 10 years ago. And the speed of invention is moving at an increasing rate. Faster and faster.
That is the economy and the world we are living in.
Of course, the stock market does not reflect that rapid increase in the rate of invention because it cannot clearly and accurately determine how that rate of change will affect which stocks and by how much.
But the pressure is building. And now we (some investors that is) are working feverishly to develop the algorithms which can be used to relatively accurately predict the effects of his rapid forward movement--you might call it the "great leap forward"--in development/invention.
This is part of a melt-up concept.
The capability of an investor to buy ETF's which reflect the market as a whole (QQQ is my favorite) or just market segments also adds to market momentum in the aggregate.
As the world watches in awe as it changes technologically, investors are waking up as to how to capitalize on this explosion. And it is coming. Stopping it would be like stopping a tidal bore or a tsunami.
Anyway, just a few thoughts.;-)
https://www.foxbusiness.com/markets/dow-gains-10000th-point-since-trumps-election
Dow gains 10,000th point since Trump’s election
Market surge heightens stakes in 2020
By Jonathan Garber - FOXBusiness
The stock market has been unstoppable under the influence of President Trump.
The Dow Jones Industrial Average crossed 28,332.74 on Monday, meaning it has rallied 10,000 points, or more than 54 percent, since Trump’s election victory on November 8, 2016. The benchmark S&P 500 has gained more than 46 percent.
“The rally has been driven by pro-growth measures, de-escalation of trade tensions, huge liquidity injections by central banks and a FOMO approach by investors worried about missing out on a remarkable U.S. market outperformance that has set one record high after the other.” Mohamed El-Arian, chief economic adviser at Allianz, told FOX Business.