Fattttty B wrote:
The last 6 years this thread is about IgY saying the market collapse in the face that the market has gone on to historic highs. Igy has no credibility ZERO if he can't acknowldedge that . He had no credibility at all if he can't say the market has done remarkably well the last 6 or 8 years.
Seeing that I first posted here in February 2015 this statement is clearly false.
In regards to the market, I can say that based on a variety of metrics, it has gone from overvalued to a bubble of historic proportions. Rather than cheer the obvious market result, one should ask why? And is it even remotely sustainable? And if not, what does the next decade look like? Considering the predominate narrative of the financial industry and the gullibility of their consumers, I suppose that is too much to ask.
Fortunately my paycheck is 100% correlated to the S&P 500. I thank the Fed everyday for their misguided policies, but fear the unhappy ending some may experience. In eight months I will be retired.
Stocks are nothing more than a long term claim to a stream of income. It is misguided to believe that investors as a class will continually be rewarded simply by selling to another person at a higher price. The same can be said for bonds. But this is the bubble mentality and nothing new. Few are prepared for the inevitable rationalization of markets.