US stock market experienced lost decade between 2000-2010
Frankly, I don’t wish for roaring 20s type of stock market because I have no interest to experience Great Depression and two War Worlds. Just slow and steady climb suffices.
Give me a break.
Major downward revision in 4th quarter GDP. The numbers never made sense. Government revenues and corporate profits should be soaring. They aren’t.
Edited to say - my bad. Minor downgrade. I had thought the original estimate was much higher. It’s still fishy though.
What are you talking about? 9% growth is hella strong.
9% “growth” with over 4% inflation.
The profits picture looks worse.
Doubt America at your own peril.
The Nasdaq Composite closed up 0.9% on Thursday, finishing at 16,091.92, its highest close on record. This marked the first record close for the Nasdaq since November 2021. The S&P 500 added 0.5% on the day, to finish the day at 5,095.88, a new record-high. Meanwhile the Dow Jones Industrial Average (^DJI) popped 0.1% on the day.
$90 Trillion… Biggest wealth transfer in history. Where’s is all going to go? RE, Stocks, Bitcoin. Will all these new millionaires spend there money like their parents? Or will they blow it all on vacations restaurants and experiences?
Where’s it all now?
Change of title won’t necessarily inflate values.
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RE, Crypto and AI stocks.
I bet most goes in taxes to greedy bureaucrats boosted by stupid woke policies… look at what’s happening in California.
Vacancy taxes, reparations, wealth taxes, higher inheritance taxes…
The wealth will be stolen and redistributed…
Gen Y and Z have been indoctrinated by communist leaning teachers… As older conservatives die off, god help us.
The last secular bull market went for 18 years from 1982 to 2000.
The current secular bull started in 2013 when S&P surpassed the old peak. So it has been going for around 11 years.
The current AI era only got started for real about 1.5 years ago with the chatGPT craze. Nvidia stocks 9x from late 2022. I think the AI boom has more room to run. Maybe another 5 years at least?
If true we are only around 1995 in the dot com bubble. Things will go much, much higher in the next 5 years.
As long as people are buying crapto the bubble will build. People obviously have money to burn…I am officially calling the Gen y/z crowd the crapto generation. They believe in a fairy tale coin more than RE, stocks or hard work… will end badly for everyone…
Some of the charm for crapto comes from decresaed faith in law and order. Genzs think govt will seize their house but not the crapto
A total myth. Crapto is traceable. Cash and gold are not
I have 4x returns on Nvdia I would definitely buy Tesla below 100 because the fan club keeps buying. It has a floor but it is still a car company.
The 80’s and 90’s were characterized by falling inflation and falling interest rates. The deficit plunged thanks to the economic growth spurt started by Reagan and later the “peace dividend” from the collapse of the Soviet Union and surpluses in Social Security. The end of the bull market coincided with a bottom in gold - $350 an ounce.
Today’s fundamentals are nearly reversed.
Good point that crypto is traceable. Gold is untraceable but can be seized.
Since crypto is cross country, one country can prevent you from spending/using in that country. However, you take your keys to another country, you can spend it there. The first country can watch and trace but cannot do much
Federal deficit did NOT plunge during the Reagan admin. It went up.
Clinton did shrink it though. So much so that by the end of his 2nd term, Clinton had a surplus.
I also don’t understand what does gold price have to do with anything. It’s just a commodity with no industrial use. It’s about as useful and meaningful as Bitcoin.
Here’s the history of gold price for the last 50 years. It got turbocharged by the introduction of ETF in 2004.
National debt initially rose because of increased miltary spending to defeat the “Evil Empire.”
Revenues tripled.
Clinton coasted on the success. He tried to undo it but was sidelined by the Republican sweep in the first midterm.
Right now we’re adding a trillion to the national debt every 6 months - and growing at just 2.5%.
Apples and oranges comparison to the 1980-2000 bull.
ETF’s had nothing to do with the gold push from 2004. Fed money printing after 9/11, culminating in the housing bubble did that.