Your Thoughts on the Market?
I'm interested in hearing everyone's thoughts on the market... is it just me or do the numbers not add up? It seems as if debt monetization has had little effect on the market and I cant seem to understand how equities have not corrected themselves. Not to mention that their is a very large divergence between the Dow & Nasdaq, which historically has occurred prior to a crash. Both the Stock Market & Real estate have been "Booming" homebuyers are willing to spend 30-40k above asking... is that not a housing bubble? So what happens when interest rates rise next year and suddenly that house is not worth as much? Moreover, commodities are increasing in price and economists assuming "great demand" following the pandemic, but is it not more likely that demand will not meet the rate of inflation? All of these are concerns that have been seen in the past, but I find this year to be different. The amount of retail investors that have created brokerage accounts during the pandemic is around 10 million, with every social media platform talking about investing, robinhood & crypto currency. Is this not like the story of JFK's father and the shoeshine boy where he mentions that he knew to exit the market when the shoeshine boy was giving stock advice... Should another crash occur, what can the fed do? interest rates are already zero... I could be pessimistic, or possibly not understand enough about how the market works- im still a senior in college. Nonetheless, I'd love to hear the thoughts of working professionals.