the US share market is certainly steaming ahead--but is the US economy?---Bubbles are hard to predict except in hindsight.---Greed has been winning the rounds so far though--but if the direction changes its going to suck in a hellava lot of people who think that this pattern is permanent.--Interesting times
the US share market is certainly steaming ahead--but is the US economy?---Bubbles are hard to predict except in hindsight.---Greed has been winning the rounds so far though--but if the direction changes its going to suck in a hellava lot of people who think that this pattern is permanent.--Interesting times
Greed and the reliance on QE and central banks to throw money at it....
I agree though, I am being careful of late after cashing up earlier in the year and dabbling here and there, got caught up in some AIR shares which haven't proven to be the best decision of late but they are coming right. I'm ready to take advantage of a bust scenario if it happens but the resilience shown thus far makes me question the imminence of it....
Greed is always a driver! I think the the psychological positive of Brexit proving a financial crisis fizzer coupled with the U.S. July job figures being well ahead of expectation and that bond yields are so poor has lead this surge. Now, what would happen if there was a positive turnaround in US stock earnings?
I was just looking at the S&P500 weekly chart and see an A,B,C formation starting in June 2015 and it looks like it's now ended which could mean we are in for quite a big move upward. This could be the beginning of wave 5 of the recovery which started during the GFC.
Greed is always a driver! I think the the psychological positive of Brexit proving a financial crisis fizzer coupled with the U.S. July job figures being well ahead of expectation and that bond yields are so poor has lead this surge. Now, what would happen if there was a positive turnaround in US stock earnings?
We will be finding out very soon and with a lot of companies being somewhat conservative in estimates I think earnings will meet or exceed market expectations but in saying that, I think the bubble is forming and has been for a while.....
I was just looking at the S&P500 weekly chart and see an A,B,C formation starting in June 2015 and it looks like it's now ended which could mean we are in for quite a big move upward. This could be the beginning of wave 5 of the recovery which started during the GFC.
Reply With Quote
Originally Posted by Hectorplains
Bookmarks