The DOW has been on fire since Trump's election

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the market knows we're GAMA

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wut

The market has been on fire since exactly March 9, 2009, the day the federal reserve officially started its policy of monetizing US government debt. Since that time, the federal reserve, the European Central Bank, the Bank of England, the Bank of Japan, the Swiss National Bank, probably the Bank of China, and various and sundry other monetary kamikaze pilots have been printing money in waves. They are all "stimulating" their economies by creating money out of thin air, keeping interest rates pinned below the rate of inflation, and encouraging tens of trillions of even more unpayable debt. The fact that the monetary inflation has been contained by carefully guiding it into financial assets and real estate so far is irrelevant for how this ends.

I would say this is the greatest monetary experiment in human history, but this has a known and obvious outcome because it's been tried various times without success. Printing money does not create wealth, it redistributes wealth and ultimate leads to currency destruction. There is a point of no return when those central banks lose the ability to undo what they've done, and we're long past that. This is the end game of the monetary experiment that began in 1913.

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The DOW has been on fire since Trump's election

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vs the predictions

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Billionaire businessman and NBA owner Mark Cuban, for one, thinks the stock market will crash if Trump is elected

Renowned bond investor Jeffrey Gundlach of DoubleLine thinks a potential Trump victory could threaten the global economy

Goldman Sachs stock has since largely rebounded as Clinton’s campaign has gained strength

LINK

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On Tuesday, Bridgewater Associates sent out a note to its clients predicting that the Dow Jones Industrial Average could plunge nearly 2,000 points in one day if Trump is elected president. That would be the biggest one-day slump in stock market history, by more than double, besting the 777 point plunge that happened on October 29, 2008, at the high of the panic surrounding the financial crisis. The drop would translate into a 10.4% dive, and immediately send the stock market into correction territory.

LINK

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The market has been on fire since exactly March 9, 2009, the day the federal reserve officially started its policy of monetizing US government debt. Since that time, the federal reserve, the ECB, the Bank of England, the Bank of Japan, the Swiss National Bank, probably the Bank of China, and various and sundry other monetary kamikaze pilots have been printing money in waves. They are all "stimulating" their economies by creating money out of thin air, keeping interest rates pinned below the rate of inflation, and encouraging tens of trillions of even more unpayable debt. The fact that the monetary inflation has been contained by carefully guiding it into financial assets and real estate so far is irrelevant for how this ends.

I would say this is the greatest monetary experiment in human history, but this has a known and obvious outcome because it's been tried various times without success. Printing money does not create wealth, it redistributes wealth and ultimate leads to currency destruction. There is a point of no return when those central banks lose the ability to undo what they've done, and we're long past that. This is the end game of the monetary experiment that began in 1913.

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if I only had 1000 upvotes to give.

I wish more people were informed like you.

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who's a good historian on the fall of the Roman Empire and the subsequent dark ages

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Are predicting another 'dark ages'??

What was you prediction for this Presidential election cycle?

How many boxes of tissues did you run through this past 3-4 weeks?

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What was you prediction for this Presidential election cycle?

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For the market? it doesnt really matter who the president is if/when there is a correction.

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How many boxes of tissues did you run through this past 3-4 weeks?

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Heard yesterday that liberal tears ended the draught in California.