Top economist Mark Zandi warns the record-high stock market is detached from economic reality
https://www.msn.com/en-us/money/markets/top-economist-mark-zandi-warns-the-record-high-stock-market-is-detached-from-economic-reality/ar-AA229C5O?apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1
Posted by Candid-Elk6135
22 Comments
And? The market was making ATHs in 2020 when half the world was in lockdown. We are in a new reality post 2008 where every dip is a buying opportunity. As long as the dollar strength remains and dollar remains reserve currency you’ll see markets go up in medium to long term.
The bubble will burst eventually but that day is not today or even tomorrow.
Feels a bit like “irrational exuberance” all over again.
We are in K shaped economy driven by social media & FOMO addicted to growth. Where else would rich park pour their money?
At this point it almost seems like everyone wants to be that person who calls a US recession. But, it never does actually happen
Irrational exuberance?
We know. We need Mark to tell us day before music stops.
It always has, so what
That’s not new news
In other words, it’s a scam.
Bull run continues until morale improves.
This would be the 4th or is it 5th “economy is actually bad” assertion this top economist made this year. If you believed in his first few predictions, your portfolio would’ve done poorly. But this time is different, he pinky promised.
Ok, buy more!
So what are we supposed to do? Not invest? Good luck sitting it out.
It’s been like that for over a decade.
It’s been detached for a while.
Buddy is more than a little late with that one
Really ? Right in front of my poly market bet !
You don’t say!
The stock market has more greedy iron hands than doomer paper hands, so pullbacks will just feel like buying opportunities until there is a major cataclysmic global event that actually shakes everyone in the market. That’s why things like Covid and the strait closure were just little blips in the grand scheme of things.
lol we do not need a ‘top economist’ to know this
Earnings multiples have compressed because stock prices aren’t going up fast enough to keep up with the earnings growth.
Remember that public facing “expert” commentators have that job because they are bad at picking stocks which is much more highly compensated than marketing stock picks), and they are compensated on engagement and trading volume, not the accuracy of their picks.
Ya think