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Politics : President Barack Obama
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To: RetiredNow who wrote (146763)11/5/2014 9:46:53 AM
From: Road Walker  Read Replies (1) of 149317
 
Maybe a fool's errand to predict the markets, but since the Fed is the only game in town and fundamentals don't matter anymore due to excessive Fed interference in the markets, the only way to guess the direction of our stock market is to guess what the Feds going to do.

Record earnings, record stock market. Not hard to figure out.

If you want to go with the Fed engineering argument you need to add an additional step: Fed easing = increased corporate profit = stock market rally. And then you have to explain why Fed easing equals record corporate profit, and have it make sense with what else is happening in the world. Not easy, I haven't seen a good argument from anyone.

As to the election, virtually everyone and everything I voted for lost. So I'm not the one to ask.
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