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Hey Lobster! I thought you said you're non-partisan?! :)
As we know, a Russian bot is never non-partisan.
For those of us who remember 1987, 2000 and 2008 -
Now is a really great time to start taking chips off the table...
"I'll bet if you have any money, most of it is in the market" and "You don't remember 1987."
You'd be wrong on both counts. But then again, you're a Russian bot. You need to focus on Russia and Russians, about which you actually know something about.
As a Russian bot, why don't you talk about Russia's healthcare system, about which you're clearly well informed?
Sure, plunder my savings a bit more why don't you, Janet?
The higher it goes the farther it will crash. Another round of QE anyone?
Putting their money behind those beliefs
If only it was their money!
Classic case of interests being misaligned.
ECB alone created 1.9 trillion euro QE money out of thin air. Where all the money gone? Most of them ended in stock market. It's a gigantic bubble QEs created. Central banks will be responsible next stock market collapse.
Oh my, the markets must be in love with Trump and Brexit.
You could be right, but I'll bet if you have any money, most of it is in the market. I remember Barron's pouting back in 1993 that the "Bull Market is long in the tooth" because the DOW had hit 3,000. It continued on up to a top of 14,000 before doing its crash-dive in 2008. It is now 23,000. Anybody who listened to Barron's in 1993 missed out on the easiest stock market money of a lifetime.
I got out in summer 1998 and back in October 2001, so fortuitously missed one of the downturns. I made enough capital in the 1990's and mid 2000's to last a lifetime. Some of it was during Clinton's term, some during "W"'s, a lot during Obama's, and some now with Trump. The market does not seem to care who is president, if the business fundamentals are improving.
btw. You don't remember 1987. That was a one-day crash of 500 points, when the DOW was at 1,700. The market recovered half its losses the next day then went on to new highs. I remember the day exquisitely. If you sold out before or during that one-day event, you were an idiot.
Heck the University of Michigan Consumer Sentiment Index isn't
as high as 1966, 1984, 1999, or 2004. (approximate years)
No excessive bullishness.
As I've written previously, when the last Bear throws in the towel and buys stocks -
WT Economist in this case - then it's time to bail.
Sure an international incident - North Korea - could have an effect,
but for now which mopes are not going to continue spending
"paycheck to paycheck" and stop racking up their credit cards?
Hold your rationalized mix of equity and fixed and be indifferent to short-term price movement. Be happy.
I said I was non-partisan on HEALTHCARE. I voted for Obama in 2012 in part because Obamacare was working well for me and my family at that time. I don't have anything against Obamacare just because Obama is credited for implementing it. Nor, as I said, do I wish to eliminate all of it. Some of it, such as Medicaid expansion, is working fine. Nor am I against expanding single payer. Trump, too, has been all over the place in advocating for both free markets and single payer, so I don't think it is a partisan issue for him either.
Like him and every other sensible person, I want a broad choice of health insurance options --- ideally one that includes government-operated single payer, and a private sector with lots of competitive choices.
... think "bow up" meant to be blow up, otherwise perched on the pole awaiting upward irruption leading downwards and thus far without stomach rumbles.
I'm less worried about where the money ended up, than where it came from: the sustained financial repression is driving up premiums and depressing returns. :-/