Originally Posted by
black cat
Four months ago?? They were screaming recession this time last year. My retirement and brokerage account has spoken otherwise though, thankfully.
I’m one of them. Market valuation today is only exceeded by the Dow in Oct 1929. The market promptly lost 83% after this “permanently high plateau.” The Fed is cutting rates while at all time highs. $300 billion in three months to prevent a liquidity seizure of the bank repo market. Funds rate near zero and GDP still can’t grow. How do these things make sense? Do these things sound like a normal functioning market?