Can you please elaborate? I will go first.TheTimeLord wrote: ↑Wed Sep 02, 2020 11:10 amI would say it makes you unrealistic given the current set of circumstances.EnjoyIt wrote: ↑Wed Sep 02, 2020 10:31 amPlease tell me if I am pessimistic.willthrill81 wrote: ↑Wed Sep 02, 2020 9:59 amSome here are so pessimistic that they want to get/keep this thread going even when stocks are up (+.71% s far today).JoMoney wrote: ↑Wed Sep 02, 2020 9:51 am Funny seeing both this thread and the " SOAR " thread active at the same time.
Both threads seem to have so much daily activity based on whatever direction things are going it's kind of lost the feel as an indicator of a 'really bad day' or good day.. it's just a daily thing now... but it is nice there is a outlet/thread for it.
I would prefer the market to stay stagnant for a few months. Maybe till the end of the year. Why? because I am concerned that if it rises too fast, it will pop and I don't want it to pop. Does that make me a bear or a bull?
1) Although COVID is going down, we still don't have a vaccine and unemployment is high though that is on the decline.
2) Plenty of small business have gone bankrupt and will not be returning.
3) Commercial real estate may go on the decline over the next few years because of bankrupt businesses as well as people will likely continue to work from home.
4) Business travel will unlikely return back to its pre-covid peak
5) Only a handful of companies are currently propping up the market some with pretty steep valuations.
6) We have an election coming and one party is talking about tax increases
7) NYC is in shambles and will likely take many years to return to its former glory
8) The US stock market is higher today than before COVID despite all of the above
I expect overall the market will continue to rise, but I have concern that if it rises too fast (whatever that means) we shall see "irrational exuberance" and a a burst. I think we are already seeing a little bit of that in some sectors I prefer to not name.