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December 16, 2019

Stocks Rise For Fourth Straight Day, to New Record Highs

Apart from the general strength of the Trump economy, which, as Alexandria Donkey-Chompers sagely instructs is, is strong only because people are working seventeen jobs each, the phase one trade deal is resolving uncertainties.

"This has been the thing that, personally, I've been looking for all year," said Kim Forrest, founder of Bokeh Capital, referring to the trade agreement. "Increased trade is going to allow companies to start spending again on capital expenditures. That had been frozen, and most of most of those are technology purchases."

...

"This should put to rest for the time being the ‘trade war’ volatility factor in markets, which has become a dominant theme over the past year and a half," said Eleanor Olcott, China policy analyst at TS Lombard, in a note. "This brief interlude of calm for the China-US relationship presents some investment opportunities."


The economy's doing so well that Kurt The Soros Comment Troll actually landed a higher-paying job as second assistant fluffer to the guy giving hand-jays under the bridge.

Whether trolling comments sections or jerking off transients, Kurt's still fundamentally in the same game -- volume.

The markets are so bullish that some fear a "melt-up." I guess a rapid escalation of stock prices.

The problem with that is that such an event usually heralds the end of a bull market.

It is important to note that the a so-called melt-up is considered by market pundits as the end phase of an asset bubble and is usually, but not always, followed by a significant downturn in stock values. Strategists have predicted melt-ups a number of times over the past 18 months, with concerns growing about U.S. economic growth in its record-setting 11th year of expansion, supporting fears that an economic and stock-market pullback are inevitable.


digg this
posted by Ace of Spades at 07:22 PM

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