I have to give credit to this market as it seems to be unstoppable, so I would never bet against it. By rights when the Fed raised rates it should have crashed the market. Americans are still living on low interest rates and still barely making mortgage payments. Rate rises should kill a bubble like this.
But then again we have the huge incentive of the corporate tax rates and a POTUS that actually likes business.
So I am not a bear, but really a bull either.
I have to give credit to this market as it seems to be unstoppable, so I would never bet against it. By rights when the Fed raised rates it should have crashed the market. Americans are still living on low interest rates and still barely making mortgage payments. Rate rises should kill a bubble like this.
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It was unstoppable when the fed was backstopping Obama to the tune of $80Billion a month... with that withdrawn bond prices will sink (rates will go up) and there will be blood in the streets ... things always overshoot and if you ask me 10 years of pumping up balance sheets with cheap borrowed money is going to lead to a huge crash... probably 10% of all listed companies will crash and burn without free money to buy back shares and artificially inflate EPS.