Quote:
Originally Posted by Cali Panthers Fan
^^^ The market is quite high, and most of it is based solely on the promise of policies Trump wants to put into place, notably a tax plan that could relieve corporate taxes. However, that is mostly built on the faith of the administration to get things done. As we have seen so far, getting any legislation of meaning done seems like an uphill struggle since they can't seem to get out of their own way and end up alienating their own caucus in the process.
Basically, if I were an investor right now, I'd be selling high knowing that this is a bubble based on speculation that is about to burst any second.
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I doubt the 'bubble' bursts until the US economy begins to show signs of cooling down.
Like I said yesterday, the stock market hits a new record high all the time. There's nothing special that Trump is doing to cause it to happen.