> The timing of the IPOs only serves to further stoke the suspicions of those Wall Street observers who see a plot to transfer a private-market bubble into public hands.
The 2009 fiscal stimulus gave us negative interest rates which fueled high equity valuations. Add in 2016 US tax law, and that’s why we’re where we are today.
If I've learned anything about the stock market, it's that no one knows what it's going to do. The only good plan is to make sure that you're going to be able to stay afloat if the market tanks tomorrow.
I closely align with 'Boglehead' investing philosophy. This school of thinking tries to minimize risk by emphasizing consistent investment over time, avoiding attempts to time the market and pick stock 'winners'.<p>One of the best parts of Boglehead culture is a set of short, easily remembered phrases that describe core principles. In this case, I think of the phrase "Nobody knows Nothing!", which means there has never been anyone who can consistently tell when the market is about to spike upward or downward.
I honestly don't know how we've been in a bull market this long. Trump's been turning a lot of economic knobs and the market hasn't really responded drastically like it has in the past. When it does crash, it's going to crash hard. Just my opinion.