Need to Know: Don’t be fooled by ‘economic bliss’ — here are 5 moves to make right now as a bull-market hangover looms large [MarketWatch]
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Source: MarketWatch
Donâ??t be fooled by â??economic blissâ?? â?? here are 5 moves to make right now as a bull-market hangover looms large Investors still appear to be clinging to the idea that the Goldilocks economy and the bull market is alive and well, with profit growth not too hot to trigger inflation, but not too cold to cause a recession. Lance Roberts is here to disabuse us of that notion. â??Does that really make any sense?â? he wrote in his Real Investment Report over the weekend. â??Particularly as we are looking at the longest expansion cycle in the history of the U.S. The problem is in the rush to come up with a â??bullish thesisâ?? as to why stocks should continue to elevate in the future, they have forgotten the last time the U.S. entered into such a state of â??economic bliss.â??â? So, when was the last time Goldilocks was such a prevalent theory? Roberts, who calls it â??absolute nonsenseâ? and an â??oft-repeated monument to trite,â? pointed to this quote from the Wall Street Journal
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