Looks like "money pump" trumps possible world-wide pandemic

jys78 said:
OK let's add market downturn/crash (30-50%+ decline) to the list. Are you telling me you can consistently predict these downturns ahead of time? And/or that news (e.g. hype around coronavirus) allows you to do so? I am genuinely curious.
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No, I certainly can't predict downturns. I can tell you that when you read things like "so what if earnings went to zero for a couple of quarters" that we are in a euphoric period....no concern for how 2 quarters of zero earnings would affect buybacks, debt servicing, layoffs, CAPEX, the housing market and all sorts of other downstream affects that would just snowball down on one another. I read this stuff all over the place though. "Mortgage your house and buy as much QQQ as you can", "so what if the Chinese economy grinds much slower do to coronavirus", and on and on.

Doesn't predict anything about the immediate future, just shows how investors are giddy.
 
Market tends to be forward looking. It votes in favor of the US after the trade war and now this coronavirus both of which slow the Chinese economy and weaken its competitiveness. I am just thankful I guessed correctly that this bull market is continuing.

@dozu888 :thumbsup:
 
SteveM said:
No, I certainly can't predict downturns. I can tell you that when you read things like "so what if earnings went to zero for a couple of quarters" that we are in a euphoric period....no concern for how 2 quarters of zero earnings would affect buybacks, debt servicing, layoffs, CAPEX, the housing market and all sorts of other downstream affects that would just snowball down on one another. I read this stuff all over the place though. "Mortgage your house and buy as much QQQ as you can", "so what if the Chinese economy grinds much slower do to coronavirus", and on and on.

Doesn't predict anything about the immediate future, just shows how investors are giddy.
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We aren't in a euphoric period at all. You aren't getting a good read on this. Market sentiment was overly negative for most of 2019, the exact opposite of euphoria. There are millions of people under invested in stock markets. We need a serious leg up on top of where we are to
even begin to call it euphoric.
 
not money pump...….government is not bothered about 'normal fluctuations.

but CONTEXT

yes that will trump any virus

and everything else

edit context is what decides what is high and low
 
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