Euphoria

creepycoug said:

louism2wash said:

The problem is, just because valuations are insane and the market is fueled by financial alchemy does that mean it's going to go down? When was the last time the Fed showed any balls in terms of proactively cooling the markets? We're raising rates slowly but by no means are we cranking the dials to slow speculation by any meaningful margin. And at the first sign of distress are we not going to lower interest rates again? Are negative interests rates really out of the question?

We're hooked on growth and we're going to ride this horse until it's dead. Either a bubble bursts or a black swan sort of event happens to tank the economy but the Fed isn't putting the brakes on this bitch. I think we probably have another 3-5 years left in this bender until the bottom falls out but, then again, we're in the longest bull market in history by 150% of the past market (not counting the COVID downturn over the last year) so who the fuck knows? I thought this party was going to be over years ago but here we are.

What this market has taught me is the value of dollar cost averaging. You can't predict the ups and downs of the market so just pick an interval and put some reasonable chunk of money into an index fund.

The problem is the political influence over the Fed. No POTUS is going to be the guy who does the right thing. Each guy steps in and irregardless of whether the economy was good or bad when they took the baton, they are going to claim it as "their" economy. Well, when you own it, and you know you own it, you're not going to create the few years of suffering to get things back to a sustainable economic baseline.

They won't. They just won't!