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Old 02-05-2018, 04:59 PM   #153
detbuch
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Join Date: Feb 2009
Posts: 7,688
Quote:
Originally Posted by spence View Post
How long did you hold that hit in?
I've said a few times already on this forum that the stock market was overinflated due to the excess money created by quantitative easing being invested in it rather than being invested in business stimulation because the business climate was suppressed by Progressive anti-business policies.

I mentioned recently in another thread that I agreed with WDMSO that the booming stock prices were suspect during the Obama administration and during the nascent Trump administration . The speculators saw opportunities to make more money investing "stimulus" money in stocks which they could sell off for a profit when the market came back to life and they could then, with the big profits, invest in an actually strong business market, while those holding the excessively priced stocks that the speculators (on wall street, etc.) sold to them, would take the losses.

Just my opinion. What do you think was the cause of a booming stock market during a stagnant economy?
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