THIS Hasn’t Happened in the U.S. Stock Market Ever In History! Meltdown Prevented by the Fed!
Record highs persist in the US stock market. Nothing phases it. Threats from geopolitical turmoil, escalations of tensions, financial matters, domestic difficulties, and everything else, has proved that there are no factors externally which can bring this market down. Except of course, the one which has made it rise.
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US stocks close at records despite government shutdown threat
https://www.ft.com/content/51793bb0-fd58-11e7-a492-2c9be7f3120a
20180121_WTF1.jpg (890×472)
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20180121_WTF3.jpg (737×493)
bofa current net exposure.jpg (669×365)
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The market has been supported by central banks. The economics textbooks literally have to be rewritten after this is over. They have destroyed it completely. What a horrible shame this will be. In the meantime though...EVERYTHING IS AWESOME!
Do you believe that people often forget about the ripple or domino effect? For example, they might be invested in the stock market but forget about their neighbour who is relying on their pension fund?
It's a new parabolic paradigm. No parachutes needed here. Everyone is paralytic in paradise!
It's going to be fun watching this one.
I don't care who says different, this is the mother of all stock market bubbles.
Agreed. And we know that because no matter where you look, everyone is violently denying it. That's when you need to stand back and think what the hell is going on here?
It's certainly overbought, but I don't think price to sales is a good metric. I don't know what the P/E or PEG is, but that's more appropriate because technology has caused productivity to decouple from wages. In other words, lower variable cost technology companies with higher margins are leading the markets higher. The problem is going to come when the supply of credit starts to dry up causing growth/carry trade/debt service issues and the asset allocation imbalance(too high concentration in riskier assets) amplifies it.
I think it's just one indicator. There are so many and I want to cover as many as I possibly can. The only indicator that has been positive has been the stock market itself. The economic factors have been dismal.