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I am a senior with 40% utilization.AMA
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@d1 you truly don't know what you're talking about. The market is currently pricing in their expectations for what trump will do while in office. The market believes he will be great for the economy... steel has soared, manufacturing, retail, transports all soaring. This indicates economic growth on US Soil. This whole rally is entirely a result of trump and I wouldn't expect it to stop. Massive funds don't buy up short, sharp rallies... this is looking like a continued bull market
@d1 thank you for continuing to display your ignorance and lack of knowledge. 07-08 was housing continuing to soar and prices accelerating. Steel, retail, transports and manufacturing has not participanted in the bulk market of 09-2016. That bull market was lead by tech, biotech/pharma... tech, biotech/pharma have not participated in this trump rally and are actually at lower prices. Your analogy would be tech, biotech/pharma soaring higher at a quicker rate. Biotech/pharma has gotten slaughtered over the past year. Pull up a chart... ticker ibb
Liberal fear-mongering. Just like those dumb nuclear launch codes/articles.
He's not in office yet. Pent up everything. You have to let the transition of power happen.
Seriously. I made so much $$$ in the last month I don't get it...
It's been 5 minutes...we'll see in 1-2 years
But if you remember the 2008-09 trends - we are in repeat.
US debt is down, EY1? You are entitled to your own opinions, but not to your own facts. The national debt has more than doubled under Obama and the ratio of debt to GDP is at its highest level since just after WWII.
National Debt on 9/30/08 : $10.2 Trillion
National Debt on 9/30/16: $19.6 Trillion
Debt/GDP: 67% vs 104%
There's a recession coming alright, but it won't be caused by tax cuts for the rich or by infrastructure spending, it will be caused by the unprecedented monetary and fiscal policy pursued by the current administration. Also, the economy moves in cycles, and we are overdue for a recession. But of course that won't prevent people from blaming whomever is in office at the time.
Oh and btw I'm totally with you P1 on entitlements (and military spending)... The majority of our tax money is given away or blown up.
It's the puuump before the dump.
We are in such better shape than 08... Not a viable comparison.
Buy the dip!
^^correction - 07 into 08 the first half of 08.
I also continue to invest, even in down times
@K2 - I guess my blind faith in the market is zero as long as humans (esp elected officials) have an influence. The recovery isn't global, it is domestic. The consumer can only fund so much on debt. The easy cash can't last forever, and some small increases will start. The Fed levers of the past don't exist like they once did because they've been maximized for far too long. If banks hold back or raise rates on the corporate refi wave due next year, a lot of companies will face some intense liquidity pressures. While not as dire as 2007/08/09, there will likely be a reset of some sort in 18-24 months.
D1 true. I have been wondering once it starts going down whether to sell off but it's in so many funds/stocks
A3 - per my elected officials, nothing has improved. If you use the idea that jobs me pay are the lagging indicator in the economy, we are likely near the peak.
Maybe near the peak, yeah. I think a short term correction could very well be in the works... But nothing near the catastrophic situation in 08, which was a perfect storm that had been building for decades. Basically I think we'll slow down, but we won't fall off a cliff.
I did make 40% on steel. Prob best investment I made since oil was under 30
I don't want to influence anyone and make anyone feel really bullish. Just don't listen to D1 and sell all your stock in fear 😂