Quote:
Originally Posted by Ian
There are a number of people who believe this market has all kinds of issues...
Overvaluation
Corporate debt bubble about to burst like the private mortgage bubble did
Etc
It’s really hard to take a look at what the market has done the past 4 years and say there wasn’t an inflated nature to it. There was nothing gradual about the journey to the level we just crashed from
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it’s not hard if you look at p/e ratios over the last 30 years. other than hating trump, i’m not sure on what basis you’d conclude that the economy was irrationally overvalued a month ago.
the crash had little to do with where we were, or how we got there. we got hit with an outside force that no one predicted.
I live in CT, a state that has been a 40 year experiment in pure, unchecked liberalism. The result? One of the richest states in the nation has unfunded debt equal
to four times annual revenue, and people are fleeing.
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