Cog wrote:Asian and European markets up and US premarket looks good. The rally continues regardless of North Korea and two major hurricanes hitting the USA. Its a good time to make some money.
This seems to be a relief rally over relief that Irma was MUCH milder than the general fears as far as major damage, and also NK tensions are ratcheting down (however briefly). It is basically reversing the big panicky down day last week.
The day to day isn't important as far as trends. The big question is whether the longer term global bullish trend can continue for years.
I just saw an article where some surprisingly calm and insightful analyst was pointing out how much growth we could see over the next 5 or 6 years, given how subdued net growth was due to the effects of the 2008-2009 super-recession. I was struck by how often (i.e. almost never) I see that perspective (sharing an opinion I've had for years.) When we see those sorts of opinions roughly comparing to the number of gloom and doom predictions would be a more telling sign of it being time to worry, IMO. At this point, we're not even remotely close.
Disclosure: I always keep a balanced portfolio, and lightened up this spring on US stocks. I'm mainly saying I just don't buy the need to panic, sell everything, or sit short the market, confidently waiting for "the big correction" or "the next crash" supposedly due any time, by the many negative market pundits.
(After all, if they were statistically any good at short term market predictions, they should be rich instead of paid pundits, decade after decade after decade).