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Negative S&P Returns Over The Next Decade: BofA
- Thread starter 777
- Start date
Secular Bull Market ends sometime. The transition should see some huge volatility.
There was a story about a guy in 29' getting stock tips from his shoe shiner. He then proceeded to liquidate all his holdings that week, a month before the crash. Of course it bounced hard and finally bottomed in 34'.
An archery teacher gave me some unsolicited advice, citing how well he has done the last 10 years, and suggested we put the entire clubs funds into the market "right now, why wait?" I laughed and said you don't plant corn in December.
Since proficient traders can navigate any market direction, it should separate the wheat from the chaff rather spectacularly.
Old Joe!
The world is beholding to a HF investment theme of everyone becoming a REIT. It's going to fail. The ratio of home price/income sets a NH almost every month. Durables skyrocketing and fewer ppl in the work force. Fewer adult males going to college. The only demographic upside is Boomers dying off the SS rolls.
It's crazy here in Canada. When the last holdout has bought, which can't be far off... look out!
I respect the Bofa team but I disagree. While demographics look weak, it's my opinion that we are on the cusp of a new bump in productivity driven by the confluence of now-emerging technologies. Specifically, the rollout of 5g, IoT, and AI/ML. This will lead to a new paradigm this is, in fact, happening today, and is being sped up by the impact of COVID-19.
I respect the Bofa team but I disagree. While demographics look weak, it's my opinion that we are on the cusp of a new bump in productivity driven by the confluence of now-emerging technologies. Specifically, the rollout of 5g, IoT, and AI/ML. This will lead to a new paradigm this is, in fact, happening today, and is being sped up by the impact of COVID-19.
You and Cathie Wood are on the same page.
I would not be surprised if you are correct! However, obviously, there is a percentage chance on many different outcomes.
A killer event like nuclear war would help the bears, though mostly they would be dead.
Sounds like a plan...The only demographic upside is Boomers dying off the SS rolls.
I respect the Bofa team but I disagree. While demographics look weak, it's my opinion that we are on the cusp of a new bump in productivity driven by the confluence of now-emerging technologies. Specifically, the rollout of 5g, IoT, and AI/ML. This will lead to a new paradigm this is, in fact, happening today, and is being sped up by the impact of COVID-19.
Funny, I had the same association as @777, Cathy Woods. My gut feeling - for what that ever may be worth something - is on the same page. There are so many new advances being made, evolving quickly, on many fields. Don't rule out the whole ecosystem of blockchain/smart contracts, digital currencies etc. And now NFT's. One poster on ET here posted a link to an article on a new metaverse on the rise, where after a lot of things are digitalized also we will be digitalized. It really blew my mind, like a new sort of paradigm as you name it correctly is on the rise. But maybe I'm getting old ( 40 y'r old 'data scientist' here). This are changes which can change your life if you step on the wright boat.
"wright"boat.
Haha: Wrights Law is a Cathy Wood favorite.
https://www.forbes.com/sites/jimhandy/2013/03/25/moores-law-vs-wrights-law/