RE:RE:RE:RE:HA! Well...sucks to be me!!Boom yes. Roaring twenties. We know what follows, we just don't know when. Maybe months, years or will we repeat 1929 in 2029 with a monolithic crash in cryptocurrency, real estate and stocks. Scary stuff.
But for now, thankfully, the market is only looking at the near future and what we see is an unprecedented bounceback in jobs and an astronomical expectation in corporate profits of up to 18% in Q1 and yes... 50% in Q2. Huge numbers!
Add in rising consumer confidence and an over 30 year record level of personal savings that is just itching to get spent once we fully re-open everything.
SmellsofMoney wrote: Personally, I'm not concerned for this year as everyone's excitement over defeating corona will spill out into spending in the economy. Especially in the USA. I just checked their numbers and they're almost 22% inocculation already.
My bigger worry is with all the excitement, will there be a massive pullback in Q1 2022?
Or will this year's momentum instead be the beginnings of a boom to last 2 or 3 years??