Has the bubble Burst?
This stock market got almost to 160% value to GDP. The previous record in 2000-2001 was 148% or so. So yes this is the biggest, fattest, bubble ever! It blue away the last record hands down. Problem is that there is a lot of air to release and we are seeing a correction drop that is progressing faster than any other drop. Will it continue? Hard to say. Fact is the earnings in 2019 were flat to negative and stock market went up on that. They only thing the market was riding on was that it believed with the three rate cuts that earnings would show up in 2020. Well with the coronavirus is causing a lot of issues for the economy. How many flights have been cancel in china alone 100,000? 200,000? Cruise lines a faltering as who wants to sit on a floating petri dish. Look at malls in china. Virtually empty. So the earnings for all companies including Apple will be flat at best. More likely sub 2019 and so the stock market has nothing to go on.