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US markets have been flying high since COVID. Much more than other countries' markets. Why not take profit when US markets + dollar is at a high?
by dismalaf 1y ago
US markets have been flying high since COVID. Much more than other countries' markets. Why not take profit when US markets + dollar is at a high?
- more_corn 1y agoWhy are you ignoring the real reason?
- moi2388 1y agoBecause emotions are terrible investment strategies
- const_cast 1y agoPolicy is not emotional. There is such a thing as good policy, and bad policy. And, ironically, failing to call obviously bad policy bad is emotional.
- dismalaf 1y agoAnd what do you think the real reason is?
- wqaatwt 1y agoEconomic instability and uncertainty. How high it is compared to other markets is debatable it has increased significantly this year due obvious reasons, though
- dismalaf 1y agoS&P500 literally at an all time high. Even I wasn't paying attention for a few days (just flew to Canada from Europe). So my theory of profit taking seems right, back to fresh highs.
- wqaatwt 1y ago> S&P500 literally at an all time high. It still has 10% to go to surpass its previous peak if measured in euros. Which is kind of the point. Currency depreciation is usually good for the local stock market, that’s not too surprising. Since Trump’s inauguration even the STOXX 600 managed to outperform the S&P 500 which is something that almost never happened.
- EasyMark 1y agoThe US Market is definitely more optimized more than say European, at the sacrifice of the common good of the people and to the advancement of broligarchs. Trump is doing is best to kill even that (I think it's not his intention, he's just not good with money), via tariffs and crazy economic policies and promoting even bigger deficits than we had during covid. I'm not sure how much longer it can fly high though.