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As long as the stock market works, the pricing represents long term growth rather than short term setbacks.
by robjan 6y ago
As long as the stock market works, the pricing represents long term growth rather than short term setbacks.
- vannevar 6y agoIt represents projected long term growth. My point was that the long term employment outlook seems pretty bleak (e.g., https://www.cbo.gov/publication/56442#:~:text=CBO%20projects%20that%20from%202020,projected%20to%20average%206.1%20percent https://www.cbo.gov/publication/56442#:~:text=CBO%20projects..., https://www.reuters.com/article/us-usa-economy-employment/u-s-employment-projected-to-increase-six-million-from-2019-to-2029-labor-department-idUSKBN25S5ZB https://www.reuters.com/article/us-usa-economy-employment/u-...). So it's hard to see where the market is getting its long-term optimism. One possible answer is that it isn't long-term optimism at all, but a short-term expectation of continued government intervention prior to the November election.