Australia's largest stock trading and investment forum Australia's #1 stock forum

Leading indicators of an economic contraction, page-13

First 13 Last

Share
Profile

Follow
MarsC

4,223 Posts.

455

25/04/19

17:02

Post #: 38265929
Share

Originally posted by vic_wattle: ↑

Everyone else is already nervous? Maybe 6 months ago, but since then the SPX, Nasdaq and ASX (recent) have pushed to new highs and the headlines read "fears of a recession in the US have eased" and people are buying it.

FOMO driven by good old fashioned greed (and delusional euphoria fuelled by all the noise from an investment industry machine and politicians whos vested interest is to let the market run for as long and hard as possible) may not run as long and hard as it did before the dec 2007 peak. Why? Because the memory is fresh and I would expect some money to quietly exit the market sooner than it did in 2007. Maybe that will be a good thing, reducing the severity and duration of a us recession?

The moment to consider an etf such as BBUS will be in the lead up to the 2020 US elections. If trump can convince the population that he has indeed "made america great again", they all have jobs, wages are going up, assets are booming and they collectively fall for it and give trump a 2nd term. Thats when I will be piling into BBUS and the like.

Can the world be that stupid again as it was in 2007?

Expand

You may be right. But I don't see euphoria.
Upvote

Reply

There are more pages in this discussion • 953 more messages in this thread...

First 13 Last