Euphoria kills economic expansions. The mood on the street now is skepticism, writes Jason DeSena Trennert
The bull market started March 9, 2009, 10 years ago Saturday. The S&P 500 had dropped to a close of 676 in the midst of the financial crisis, 2,072 points or 75% lower than its current 2,748 level.
Given that the Federal Reserve has quintupled the size of its balance sheet in the intervening years, and that the heavy regulatory hand of the Obama administration gave way to a more salubrious attitude toward commerce under President Trump, perhaps the duration and the magnitude of the current bull market shouldn’t surprise us.Chief White House economist Kevin Hassett was right about growth in 2018. Former Obama and Clinton adviser Larry Summers wasn’t.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Inside a Decadelong Bull RunThe U.S. bull market turns 10 years old Saturday, underscoring the resilience of a rally that has persisted despite tepid global growth, anxieties about central bank policies and mounting trade tensions.
Weiterlesen »
Robert Shiller: Self-fulfilling prophecy of recession could ruin bull run—not a specific eventYale's Robert Shiller says growing worries about a recession could make one come sooner — even if there isn't a specific event to spark it.
Weiterlesen »
One stock, up 7,500% since financial crisis lows, has more room to run, technician saysConsider it an Ulta-mate rally. Shares of Ulta have roared 7,500 percent in the past 10 years, and one technician expects more gains.
Weiterlesen »
Here’s why lessons learned from the 10-year bull market in stocks could hurt youHere's why lessons learned from the 10-year bull market in stocks could hurt you, says TheAroraReport:
Weiterlesen »
Opinion | Eric Holder: I won’t run, but I will fight to elect the right Democratic presidentEric Holder writes for The Post: I won’t run, but I will fight to elect the right Democratic president
Weiterlesen »
Opinion | Hickenlooper is off and runningOpinion: Hickenlooper is off and running. And for Trump, he was unsparing.
Weiterlesen »
Opinion | Why subpoenaing the Trump Organization won't be as simple as it soundsOpinion | Carol C. Lam: Trump Organization subpoenas look increasingly likely. But summoning witnesses isn't always simple. - NBCNewsTHINK
Weiterlesen »
Opinion | Why are progressives more focused on disagreeing with Trump than countering a dictator?The proper response is not to castigate Trump for opposing the strongman in Venezuela but to urge him to do more to oppose other despots.
Weiterlesen »
Opinion | A centrist Democrat explains why it’s time to give the left a chanceOpinion: A centrist Democrat explains why it’s time to give the left a chance
Weiterlesen »