Someone decsribed the market as the walking dead. Right now a snapshot of the health of public companies will be ok on average. people argue this and that. At the end of the day, we have an equity market which is now trendless after years of solid expansion which took indices to new all time highs. There would have to be some fundamental change to be the cataclyst for another expansion. I dont see anything right now. There is no excitement about any particular industry carrying the rest. There is no breakthrough techology changing everyones lives right now. If you are arguing against a major market downturn, you are basically arguing against business cycles. At best, the equity market will go sideways for another year or two, then start another expansion. Hopefully i will.be able to buy indices cheap in my 401k soon. Oil wont be at a big discount much longer.
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