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Who’s Sticking Around For The Crash?
Maybe you noticed, maybe you didn't, but these last three weeks were "perhaps the best ever."
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“With earnings season unimpressive, growing trade uncertainty and monetary easing indefinitely postponed, it makes one wonder why would investors want to continue to stick around in one of the most expensive stock markets in modern history,” he said.”
No doubt he knows why – it’s inertia. Many fund managers are okay with losing (your) money as long as the whole market is selling off. The unforgivable sin is missing a rally. That’s “active” management in practice.
Seems like Tina holds all the Trump carrds.
Thank you! I keep wondering if I’m taking crazy pills when I look at what’s happening (both in the markets and with our democracy). I kinda get the market enthusiasm about American exceptionalism, AI, the Trump animal spirits, etc., but the potential for Trump to really screw something up seems high to me. Seems like we’re setting ourselves up for one of those “gradually, then suddenly” situations.
Granted, I used to buy into the perma-bear stuff, but you disabused me of that. However, maybe this time is different?
Even Trump has warned of ‘some pain ahead’. So I think a bearish slant is forgivable in this environment.