Ghost of Igloi wrote:
agip,
I think your argument has merit. I just disagree that is reality. The market is being driven by an institutional narrative that the Trump election changed the economic trajectory. The entire elevation of the market has been since 11/4/2016, and now the bump the past ten days on tax reform. I would think you would see the fallacy of that story. At this time the market is tracing out the hope of this fairy tale. I may have voted for Trump, but I won't be deluded into believing what is not possible.
Hope the running is going well.
Igy
I think people have accepted that the repubs can't get anything done. I don't think there's much trump trade left in the market.
You regret your trump vote yet?
I think the market surge is based on accelerating profit estimates for the 3Q and 4Q. Not just here, but esp in europe. Things are really heating up in europe. Plus our weaker dollar gooses our profits.
Running is going...fine. Have had a series of good races but I want the breakthrough. I'm 100% healthy tho.
Big one on Oct 15 - wish me luck.
How's things with you?