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Response to TexasBushwhacker (Reply #36)

Sun Mar 1, 2020, 12:34 AM

42. +1000

 

Exactly. This was bound to happen sooner or later. Most stocks have been over-valued for quite some time and inevitably there had to be a correction. It is ridiculous to expect that the market will continue to grow without one. It is the nature of the beast.

The recent boom in stock prices was due to stock buy-backs because companies got a boon from the Trump tax cuts. It was not based on fundamentals. This bubble was bound to burst eventually.

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