I think the market has idled for 8 years never really rising above the Obama factor so there is room for a big swing up. With wages rising, unemployment down and many corporate dollars returning & increased profits because of the tax bill I think the bull market has a long way to go.
I’m ready to be wrong.
If one is not ready to be wrong the market is not the place to be.
We had no real growth in those 8 years, I know folks that were told outright when Romney lost, Capital expenditure project “X” was canceled. Capital was retained, Corp America put their head down, shut up, and played nice with Obama, they went to the Whitehouse when asked, smiled, shook his hand and did the picture thing, as to not to get in their cross hairs and get engulfed and get capital absconded ( can you say GM Bond-Holders? vs the UAW and Common Stock as well ). Yes they would have used the tools of agency weaponization against them, they knew not to poke the beast. They can now go back to what they were hired for, increasing shareholder equity....