From Barron's Market Lab...70% probability equities lower next year?
- Thread starter Altavest_Erik
- Start date
Kind of a hoot. LOTS of people warning about the near term (or out to 2020) potential for a market smashola... but the markets are having none of it so far.
It's like everyone is waiting for someone else to "drop the other shoe".
Like the "little boy who cried wolf".... the warnings will be ignored by the majority... leaving their pants around their ankles when it eventually comes.
It's like everyone is waiting for someone else to "drop the other shoe".
Like the "little boy who cried wolf".... the warnings will be ignored by the majority... leaving their pants around their ankles when it eventually comes.
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There's somewhere around $500B left of stock buybacks waiting to process after earnings in Q4. I think there's a good chance market will end the year higher than it is now although, there are lots of factors trade war and geopolitical risk factors that can prevent that from happening.
Bottom line, if it was so obvious that the market would be sharply lower by the end of the year than it is now, then that would have been priced in already. Long term, I agree with Gundlach.
Bottom line, if it was so obvious that the market would be sharply lower by the end of the year than it is now, then that would have been priced in already. Long term, I agree with Gundlach.