%% Good judgement/discretion; judgemental is not always a negative concept= looks like some trader/investors judge US is opening back up/Up for business...……………………………………………………………….. I wish I had sold my DDM for few cents more today, but getting close to 2;45 CST + I was afraid I would have to lower my bids/LOL worked out ok anyway. Looks like 2009 trend ,down huge 2 months + then election year more or less good up trend . Paul tudor Jones thinks 2020 is like 1999= he may be right on that ; we'll see?? I think his judgement is good; even though 1999 had more///////// uptrends than 2009
Unless you have a proven strategy, one that you have tested and know that it makes money in the long term, perhaps it loses money in the short term because no one can see the turns and twists of the market, but you know that sticking with it for the longer term will generate income, I know I have one, I was down 12% when the market was - 35%,but now I'm back in track
I think you should add 2008 us housing bubble, but I agree, this is not a bubble, it's going to be one for sure if the fed continues throwing money at the problem and cutting rates, that will create hyper inflation and a stock / bond market bubble, for the companies that will survive this..
How is P/E 24 based on GAAP is not a bubble? How is that not a bubble as its valuation solely based on buybacks and a lot of them financed by debt? if companies didn't use buyback P/E would be above 35 for S&P it's all financial engineering pretax S&P profits flat since 2015 of course, debt doesn't matter now as it all monetized by the Fed but it's still huge bubble no matter what