Quote from Mecro:
We've had this convo before and I never believed the earnings in the first place. But that is what the April run up a year ago was based on, hence that is what the "experts" are supposedely looking for. The tax cuts did nothing, the cheap money just produced debt based consumption. The market was pumped up by manipulation and short squeezes.
I watched Kudlow & Cramer today. They are pushing the idea that USA is coming to a time with great productivity, high interest rates and strong dollar. And quote "just like in the late 1990s under Clinton". This market is ready for a second bubble and Im all in. Bring ALL of the easy money to me.
Otherwise it's gonna a grinding sideways market or even a slow bear market. Those SUCK.