Anyone think Trump is going to keep pumping the market?
- Thread starter RGLD
- Start date
What makes you think the PE at 20ish is fine?
The Fed is supposed to be "independent" (cough, cough).
Powell indicated he would act that way and not be swayed by politics.
He was on the right track raising rates and reigning-in credit when Trumpy whined like a little girl.... so Powell knuckled under.
Can't count on the Fed any longer to be other than a "yes-man" for the current admininstration. (Not a new development, unfortunately.)
Reasonable to expect Trump will continue to goad Powell at least until the 2020 election.
I have asked this question and never got an answer... and don't bother because there is no answer lol.
look around the world, and find me another asset class, high quality as the sp500, and yielding 5.x%
Buffett said stocks are ridiculously cheap IF we stay in this interest rate environment.... and with Fed already pledged target interest rates down the yield curve should the next crisis happen... I dont see how interest rates can come up.... so much sideline cash out there can't wait to get into bonds that are yielding 2-3% investment grade.
https://www.elitetrader.com/et/threads/are-we-going-to-run-out-of-shares.298936/
and this was another question I asked 3 years ago when qqq was at 100 lol.... look at all the answers in that thread... nobody had a clue lol.... lesson is getting the macros correct is far more important than getting the micros... you could have bot back then and make 80 points by sitting on the beach for 3 years.
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why should the Fed raise interest rates when the ECB and JCB are at 0%? won't achieve anything other than driving investment/growth opportunity to outside of the US.
yes low rates do hurt.... only to the people who don't hold any assets and live on fixed income lol.... you gotta take part in the game... can't beat them, have to join them.
don't whine like some senior citizen who is not butt hurt because the bank cd is yielding 1.5%.
Banks need us. We provide liquidity/profits to them.
Is that like how the Lefty elites "need the people"... as tax donkeys and slaves??
Last time tRump beat 16 Republicans but only one lousy god awful Democrat candidate.
If economy tanks even a little bit a decent Dem (question is there any?) will beat him - the oh btw too white (has a hood in the closet) soon to be 73 year old.
Dem has no agenda - tax hike? open borders? abortion? they been on the Russian collusion for 2 years... now what.
they should run on technology... the silicon valley is very left leaning, but there is such a disconnect between the future of the our society, and the dem party politicians.