Bears are simply naive# Stock
B*e
1 楼
I see too many bears like this in the last crisis. Is the U.S. economy
better than March 2009? Definitely. Is it strong enough to support the
current market evaluation? Maybe not, but Fed printed enough money to
support it and so long as easy money policy is there, a crisis like 08 is
less likely.There may be a small recession caused by bubbles in certain
sectors like 2000 but with Fed's balance sheet triple the size of 08,it is
unlikely to see an 08-type crash. We may be like Japan that see no growth in
stock market for many years, but that is different from crash.
better than March 2009? Definitely. Is it strong enough to support the
current market evaluation? Maybe not, but Fed printed enough money to
support it and so long as easy money policy is there, a crisis like 08 is
less likely.There may be a small recession caused by bubbles in certain
sectors like 2000 but with Fed's balance sheet triple the size of 08,it is
unlikely to see an 08-type crash. We may be like Japan that see no growth in
stock market for many years, but that is different from crash.