I would guess by now, that everyone recognizes that there are no good organic reasons for the stock market to go much higher; that is, beyond ranges associated with normal market metrics, i.e. PE's are completely in an insane zone, and have been for many years.
Yet, I have been predicting 26,000 on the Dow Jones for many years; for reasons that I have not entirely revealed, yet.
But here is yet another fundamental reason that the market is inevitably
charging ahead:
In today's global investment markets -- If you are in Britain (facing
Brexit BS, for next three years), Europe, S.A, Asia or
Middle East and you have money management responsibilities and you
have to put $10 to $50 million to work today, as in to grow (to keep your job!); where do you
put that money?
Britain?
Europe?
S.A?
Middle East?
Asia?
No, you put some - or a lot - in the USA.
And then what do you buy?
Bonds?
Really over-priced Real Estate --
with no quick exit?
Cars?
Paintings?
No! NYSE -- with your index finger on the sell button!!
And all that foreign money is piling in Now; and it will eventually
pull in the Sheeple here in the USA - somewhere around 21,500 to
23,000 on the Dow!
And thus 26,000 on the Dow - or higher - here we come; simple,
really simple.
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