Skans » Today, 10:24 am » wrote: ↑
The Dow should be soaring past 45,000. I won't be bragging about the equity markets until it gets at least to that point. Until then, I'll save my rah-rah's.
I have to totally disagree. The PE ratios were so far out of whack that the market needed to correct as it has. Right now, you need to see slow, stable growth, not the Bidenomics "dump money into the economy causing inflation" approach. And the markets were reflecting that money dump that many large Corporations took and make massive profits with, MOSTLY due TO that inflation.
Right now, I expect 45,000 in 9-10 months with slower, but more sustainable growth. And with little to no inflation, and whatever little there is, it will be manageable.
Liberals are spoiled children, miserable, unsatisfied, demanding, ill-disciplined, despotic & useless. Liberalism is a philosophy of sniveling brats ~O'Rourke
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.