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wadegarret

01/22/24 9:01 AM

#110078 RE: valuemind #110076

Value, all I can go by is S&P earnings, the yield curve & consumer health

Market action should be given no weight in general in giving us an accurate view of the future, and definitely not of the present. Facts are, S&P earnings are flat to down for 10 straight qtrs, the bond curve is still inverted after 21 months, and credit card debt is at an all time $1.2T high, as are delinguincies. The fact that the market keeps going up has no meaning to me, except that it's irrational.