@LMT978 Point taken. Except this time we have high inflation, a very tight labor market, and globally coordinated tightening. All with the backdrop of stretched valuations and record margin debt. I'm not calling for the end of times, just for a 10-20% that happens every 1-2 years anyway.
@GOPChairwoman And the best part is that wage inflation is outpacing cost inflation. FINALLY, the lower class can catch up just a little bit. Of course, those at the top are seeing their wealth erode since all of their earning power is in assets...these are the people you care most about.
@RyanDetrick Gotta love markets...3 months ago was fears of deflation and yields going below 1%. 90 days later, and we are back to fears of inflation and higher yields. The Wall of Worry is definitely real. No doubt this rally has been pumped by the Fed, but it has been hated the whole way.
@GuyAdami@dmoses34 Funny how fast the narrative changes. Just 2 months ago the CNBC crowd was talking about rates below 1%. My guess is that all guests will suggest that this has been their forecast all along.
The American people have a right to know that leaders in Washington are making decisions in the country’s interest, not their own financial interest. It’s long past time to ban members of Congress, Cabinet secretaries, federal judges, and other top officials from trading stocks.
@hmeisler Ya he and Tom Lee, both of whom are almost always very bullish, got cautious end of 2019, saying a meltup was underway that would lead to downturn.
Will the IRS be showing us all bank transactions of Congress members over $600 - so we can figure out how they all leave Washington as multi-millionaires?
@SenTedCruz If we are being pedantic about it, all of this blood has been spilled because of George Dubbya mistakes. He's the one who lied to the American people and used their 9/11 fear to get us into this Middle East mess. It's amazing how quickly we forget...