[OT] S&P 4000 in 8 Years?
I didn't read the article (just the headline) so can't comment on the reasoning.
https://www.bloomberg.com/news/articles/…
Number sounds high now, but actually is not, a 6% compounded annual rate would do it.
So if anything I'm guessing much higher than that.
What do the rest of y'all think?
To me it looks like they are looking at some historical channel, but I think growth rates will accelerate now as AI comes more and more online. So will likely invalidate that channel.
https://www.bloomberg.com/news/articles/…
Number sounds high now, but actually is not, a 6% compounded annual rate would do it.
So if anything I'm guessing much higher than that.
What do the rest of y'all think?
To me it looks like they are looking at some historical channel, but I think growth rates will accelerate now as AI comes more and more online. So will likely invalidate that channel.
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Even Carlo Ponzi would be impressed.
You tell 'em Dougster!
And soon we will be able to start removing workers!
SJG
The Hermetic Hour - The "Why" of Magick
https://www.youtube.com/watch?v=yq5re8EL…
My guess was that today's action was more about the rise in interest rates being more certain, along with the notion that Trump may realize he needs to act a little adult like if he is going to get things done as president versus the big nothing burger he delivered in terms of specifics.
V soon is going to be the time for caution: but I'll review the usual sentiment indicators overnight (the first of which is TUSCL). Lol!
Rally on. What could go wrong?
We are seeing the positive effects of cash leaving the sidelines and joining the party. If bond funds begin dropping in value, 401(k) investors will transfer to whatever has been growing -- that would be equities. That is what novice investors do -- they chase prior gains with more money. That inflow will further increase stock prices and the rally will continue.
At some stage, the smart money will perceive equities as over bought and will reduce their equity positions to lock in gains and secure profits. At that juncture, we will see a pull back. Of course, Trump could get a turd in sideways or tweet some foolish shit and derail the rally -- but only temporarily. I would be a buyer on every one of his ridiculous market-drop-inducing tweets.
The indices (except for the Russell) are definitely stretched right now. That doesn't always mean correction is imminent, sometimes they just consolidate. It will depend on the news flow. Sentiment is high but I won't say "euphoric" just yet. Levered up USD's seem like a good combo for safety and return right now.
I keep saying it's more euphoric when the market drops than when it goes up, but then people look at me funny. People are stupid and often just copy others Ina herd mentality much like Txtittyfag(dot) does in his threads.