Msg. 22860 of 47202 (This msg. is a reply to
22792 by
capt_nemo)
Jump:
Is the stock market overvalued?
Probably.
After almost a decade of obonzo using 'quantitative easing'
to pump trillions of dollars into it it really ought to be.
But, if, as Professor Trots suggested, President Trump
reduces corporate tax rates, that would have a profound
effect on the valuations.
Further, if President Trump takes a machete to the reams
of red tape cranked out by obonzos administration that
would make it easier for American businesses to expand.
From a personal standpoint, my dividend paying stocks
continued to pay out (most of them anyway) after the
year 2000 collapse . . . and after the 2008 sub prime meltdown . . .
Think about it, are folks going to stop buying Coca Cola
just because the stock market 'corrected'?
I think I would not mind seeing a market correction.
I'd love to be able to buy more shares of good companies
at 'fire sale prices'.
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