Bobw235
Senior Member
- Location
- Massachusetts
The market isn't at 18k because the economy is great and corporate America is rolling. Its here for two reasons. #1. With rates this low there are few other attractive asset classes. #2. Shares of stock are based on units. "Units" of currency. A greater number if units inflates the product it pursues. "A like or greater number of units pursuing a like or lesser amount of product inflates the product". The caveat is the > # of units dilutes currently existing units. In time it goes full circle. I'm not a pessimist. I'm an optimist. I love this game. Its a simple game played with numbers. Nothing more and nothing less.
I don't disagree with all you've said here. Good post. My point is more along the lines of Trump being a destabilizing force in our economy and around the world. I think he is dangerous to the point where he'd cause incidents that could roil markets for some time. I don't see him being someone who would improve the economy, just the opposite.