Re:Mass Psychology Supports the Pricey Stock Market
by paulpauper on Monday September 18, 2017 @08:07PM
(#15280779)
There is no compelling evidence that market timing works, both in terms of technical analysis and fundamental analysis. In 2015, there was talk about a so-called 'earnings recession'; had you sold, you would have missed out on the 15% rally that followed. For years, people have been attributing the rally to the fed and such, ignoring the fact that the fed ended QE in 2014 yet the market has risen 25% since then. Purported successes of timing are due to various statistical and data mining biases, that cannot be replicated with similar success. IMHO, the market is going a lot a lot higher even if valuations seem kinda high. inflation and interest rates are still historically very low, which makes stocks attractive to bonds and cash, and profits and earnings are also strong.
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Re:Mass Psychology Supports the Pricey Stock Market
by richardw on Monday September 18, 2017 @11:58PM
(#15281673)
The fed stopped buying but still has to start unwinding the bulk: http://www.msn.com/en-us/money/markets/the-fed-a-decade-afte...