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Interest rates are near zero and people think the Fed will bail them out if things go south again. That’s why the market is high.
by almost_usual 6y ago
Interest rates are near zero and people think the Fed will bail them out if things go south again. That’s why the market is high.
- paulpauper 6y agono, that is not the main reason. the reason is strong corporate profits and earnings. FAANG stocks generating record profits and earnings, Same for retail and companies like Disney and Walmart.
- deleted 6y ago[deleted]
- twblalock 6y agoIf large companies were not making record profits, the market would not be this high no matter what the interest rates the Fed chose to set. Yes, stocks are the only investment that has a decent return right now -- but don't let that obscure the real changes to the economy that are happening. Large companies and e-commerce companies are doing fantastically well this year. (So are their employees, for the most part.)
- deleted 6y ago[deleted]