[FRIAM] Stock Bubble

[Prof David West]

I have several friends with tons of money (multi-millionaires, not
billionaires) and they are all leaving stocks. Not because of Trump but
because of the massive shift away from actively managed funds to passive
ones and the overvaluation of price as a result. Bloomberg business just
had a major article about this. I suspect that crony's are moving money
the same way my friends are, and for the same reasons.  

Expect the big whoosh and then reasonably rapid recovery. And don't
expect it to have any effect on Trump, the admin, or his followers.

davew


On Fri, Aug 18, 2017, at 10:11 AM, Steven A Smith wrote:
> With morbid fascination, I believe we are about to see the "Trump 
> Bubble" in the stock market, driven by the promises of deregulation, 
> collapse under the weight of the belligerent dysfunction of his 
> administration and sycophants.
> 
> I don't know how transparent the financial holdings of his fat 
> supporters are, but if someone could observe them I suspect there is the 
> beginning of rats fleeing a s(t)inking ship.
> 
> The bubble collapse may or may not be more than a correction back to the 
> levels leading up to the election last year, but I am expecting to hear 
> a loud "whoof!" (more than a pop) as the market exhales all of the 
> climate-denying, xenophobic, warmongering hot air that has been 
> supporting it.
> 
> Just Sayin'
> 
> - Sieve
> 
> PS.  I scanned Glen's links to the various alt.right "intelligencia" 
> blogs...  fascinating but sad!
> 
> 
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