It’s a melt-up, a bubble. It’s going to come down hard...
And then come back up. And go back down. And back up...
I think the real question is, WRT to the market is, at what point will it finally be "down"?
Will it ever? If it is, does that mean something "bad"? I think it might.
Lots of analysis is pointing this way.. due to the probability of the next insane stimulus bill. Important voices are warning of hyperinflation and stock is a hedge against inflation. Cash positions become the dangerous ones.
But, this is also why the analysts are pushing this position even as the prospect of serious inflation looms. A stock position is a real asset position as long as the company won’t die in the inflationary spiral
Yup
Maybe. Biggest argument against this is that I’ve heard this for 40 years and with the exception of a blip in 1987 and the 2007-08, which were in historical terms very short, the Dow historically since 1900 has just gone up, up, up.
Look at the 1929 crash on a chart of the last 100 years.
You can barely find it.
Maybe. Biggest argument against this is that I’ve heard this for 40 years and with the exception of a blip in 1987 and the 2007-08, which were in historical terms very short, the Dow historically since 1900 has just gone up, up, up.
Look at the 1929 crash on a chart of the last 100 years.
You can barely find it.