Busdriver4369

The biggest complainers and snowflakes I’ve flown with are usually the old guys. Happy holidays!

akulahunter

Man, I wish I knew who you were so we could have a beer and conversation (longer than spitting out stuff on B1tch board)...

It's great that you have lived through 6+ down turns (although I think it is unlikely since you would be too old to fly. Also... are you retiring soon so I can move up a number?)... This "bull" cycle is a little different in that it was such a slow growth rate for so long that there are still (presumably) legs to grow and space to move. Most people saying that we are at an end to the cycle are saying it because it is the longest one we have ever had, not because the actual data are saying it... (also, we have never had a cycle like we are having now... Artificially low rates and QE from the government)

On your point, there is an indication that next years growth will slow. However, S&P earnings growth is estimated in the double digits. I'm pretty sure, that in a vacuum, if you asked anyone if they would take 10%+ earnings growth and a 2.5-3.5 GDP, they would take it. We are just coming off of a year (2017) where we had 20%+ growth and this year, even with the volatility, we are (currently) positive in the markets and GDP will be 3+ which is 50-100%(ish) of what it has been for the last 8-10 years.

Even with slowing housing and financial sectors, there are no indications (at least by consensus) that there is a down turn coming anytime soon (i.e. 18-24 months).

I think we'll be just fine... However, if you want to leave, I know a good tailor for your double-breasted suit and hat...

(Also, I do watch the news, at least the financial news...)