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Thread: S&P top?
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Old 12-06-2017, 05:30 PM   #6
_______
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Join Date: Feb 2013
Location: Washoe County, Nevada
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Originally Posted by _______ View Post
Bond yields are not signaling a recession. I understand the urge to find a reason to hate a market that has gone up for 8 years but I think you’ll see better earnings and possibly even some more p/e expansion over the next 4 quarters.

I’m not a trader but you might see a short term drop when tax reform is signed (selling the news). But otherwise I’ll wait for an inverted yield curve before I get worried. It could come next year if the Fed keeps raising short term rates. But historically the market has run up for quite a while even after the curve inverts.
On the other hand, E-Trade’s current “Don’t get mad, get even” ads do remind me a little bit too much of their 2000 campaign:


Maybe Tape Reader has a point.
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