Quote:
Originally Posted by JohnnyB
This just shows that optimism reaches highs at the end of a business cycle shortly before it crashes. This has been a very long cycle, largely being fueled by low rates and several rounds of QE. We're due for those lines in the chart to cross again and the big question is just whether or not it happens quickly enough for Trump to lose the confidence of Americans before November, assuming the elections are even fair in November. It has possibly already started.
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I suspect the 10% loss of wealth last week suggests that yes it has