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Ok, and seriously, what the heck is going on (Original Post) a kennedy Jan 2018 OP
Bubble with no legitimate reason for continual upward trend. democratisphere Jan 2018 #1
It's sad the number of people who don't realize there will be a huge correction. Baitball Blogger Jan 2018 #13
Fresh crop of suckers born every minute. democratisphere Jan 2018 #14
Don't know MichMary Jan 2018 #2
What goes up must come down. Sophia4 Jan 2018 #8
And then it goes up again MichMary Jan 2018 #17
Agreed, but it is generally best to buy in when prices slump in my opinion. Sophia4 Jan 2018 #19
Of course, but MichMary Jan 2018 #20
Is the dollar sliding? More $$$ to buy the same damn thing as yesterday. L. Coyote Jan 2018 #3
the dollar lost 10% last year questionseverything Jan 2018 #6
Which is it? Sophia4 Jan 2018 #11
duh me...thank you...the yaun of course questionseverything Jan 2018 #15
Yeah, I know, isn't it wierd? SWBTATTReg Jan 2018 #12
i am convinced the sm is in a bubble questionseverything Jan 2018 #16
"Irrational exuberance" safeinOhio Jan 2018 #4
I like these words coined by Alan Greenspan that you reminded us all of... SWBTATTReg Jan 2018 #7
The 10 year average PE ratio has only been higher once marylandblue Jan 2018 #5
another good fact, thanks! SWBTATTReg Jan 2018 #9
Anticipation of Repatriated funds after the Tax Bill maxsolomon Jan 2018 #10
The wall street casino is humming for now workinclasszero Jan 2018 #18
Message auto-removed Name removed Jan 2018 #21

democratisphere

(17,235 posts)
1. Bubble with no legitimate reason for continual upward trend.
Fri Jan 5, 2018, 05:16 PM
Jan 2018

The correction cometh, probably sooner than later.

MichMary

(1,714 posts)
17. And then it goes up again
Fri Jan 5, 2018, 06:26 PM
Jan 2018

I worked at a bank when the market tanked in 2008--2009. The DOW went down to about 6400. Our investment officer begged her customers not to take their $$$ out. A lot of them did. Dh has a strong stomach, and left ours in. We recovered, those who took their $$$ out lost it.

Yes, there will be a correction, but if you are in it for the long haul you will be okay.

L. Coyote

(51,129 posts)
3. Is the dollar sliding? More $$$ to buy the same damn thing as yesterday.
Fri Jan 5, 2018, 05:17 PM
Jan 2018

Compare to other markets in other currencies is always a good idea, and compare currencies too.

 

Sophia4

(3,515 posts)
11. Which is it?
Fri Jan 5, 2018, 05:44 PM
Jan 2018

yen -- currency of Japan
https://www.google.com/search?q=yen&ie=utf-8&oe=utf-8&client=firefox-b-1-ab

The yuan is the currency of China.

The yuan (/juːˈɑːn, -æn/; sign: ¥; Chinese: 元; pinyin: yuán; [ɥæ̌n] (About this sound listen)) is the base unit of a number of former and present-day Chinese currencies, and usually refers to the primary unit of account of the renminbi, the currency of the People's Republic of China.[1] It is also used as a synonym of that currency, especially in international contexts – the ISO 4217 standard code for renminbi is CNY, an abbreviation of "Chinese yuan". (A similar case is the use of the terms sterling to designate British currency and pound for the unit of account.)

https://en.wikipedia.org/wiki/Yuan_(currency)

SWBTATTReg

(21,859 posts)
12. Yeah, I know, isn't it wierd?
Fri Jan 5, 2018, 05:45 PM
Jan 2018

Markets etc. don't really seem to be reacting very much. You would think w/ recent tax law enacted that now that firms can bring back funds into US now w/o negative tax consequences would increase the demand for dollars (so businesses can exchange current non-US currencies into US dollars and bring home to US)...instead, dollar is going down, like you mentioned...thanks for bringing up!

questionseverything

(9,631 posts)
16. i am convinced the sm is in a bubble
Fri Jan 5, 2018, 05:56 PM
Jan 2018

and this dollar devaluation is gonna bring on economic collapse/hyperinflation

truly hope I am wrong

SWBTATTReg

(21,859 posts)
7. I like these words coined by Alan Greenspan that you reminded us all of...
Fri Jan 5, 2018, 05:41 PM
Jan 2018

Thanks for remembering and bringing to our attention! This is a good word to describe this behavior...economy was roaring along during Obama's presidency, still is, due to all good foundation put in place then, especially after horrible meltdown in 2008. With all of tRUMP's misdeeds, something (or a multitude of things) is/are bound to happen, negative-wise...

High housing costs /wage costs not keeping up w/ rising costs all across the board, and only a few sharing the wealth/rising interest rates/stagnate inflation rates (economists can't figure out why, from what I've read)...among just few items

marylandblue

(12,344 posts)
5. The 10 year average PE ratio has only been higher once
Fri Jan 5, 2018, 05:35 PM
Jan 2018

And that was before the dot com crash. The third highest ratio was in 1929.

Response to a kennedy (Original post)

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