The US economy isn't booming, but large cap internationals are. You can't intermix those concepts. I posted many years ago on here that at one point the worst 5 Dow components were essentially domestic based companies whereas the rest of the index was heavily international in nature. The US took on a large amount of debt, yes, not unlike though what Canada had to do decades ago. The Debt-to-GDP ratios are very comparable ( US now vs Canada then ) and Canada escaped that bind by paying higher personal taxes. Canada had to do that in a high interest rate environment. By the early 2000s though we had surpluses and no crisis. Nobody said life was fair, and you guys voted in Trump who wants to skew things even worse. Which is bullish for stocks and maybe bearish for Americans who don't own stocks. How far and how long is always a guess, but the one thing is there will no great crash like 2008/2009 soon it will be far more muted unless WW3 occurs and millions die. In that scenario, stock market returns will be the least of your worries. US job market I have no idea except my daughter is raking it in from a US firm so at least some people have great jobs.
I don't trade Bitcoin....in early December I was literally second away from buying litecoin and ethreum after I opened a coinbase account around the first week of December but once they took off that following week I decided it wasnt happening...that's when litecoin was 95-$100 and ethreum was about $500....missed out on about $1500 worth of profits, won't touch those until at least a 75% collapse....will not touch any Bitcoin until it collapses below $500 and even then I would be warry of it.....I'm waiting for the possible bitcoin ETFs but don't have a clue when those are due out or if they are coming anytime soon..
I thought you were long biotech...isn't that security you shorted a bear etf i.e. it goes down when biotech goes up?
Sorry I'm not a fortune teller. I make myself available each day for what ever the market is offering.
He's just showing you a brief overview of what 1987 was like....too bad there is limited videos from that era of time, when the next collapse comes people in 2049 will be able to pull up thousands of videos and interviews from this next crisis that isn't too far away to show people wow that's what it was like to have witnessed the biggest bubble the world has ever seen ....