But Strangely Enough “Goldilocks” Rides Along With It!
by Ian Harvey
August 15, 2017
There was a dramatic turn-around in the stock market yesterday after the events of last week – read “Stock Market Melt-Up” -- with all three major indices making sound ground and driving the “fear index” backwards.
So, back-on-track, where we should see the stock market continuing to go higher for quite a long time yet.
The global bull-rally continues unabated after a pause for some profit taking based on the North Korean affair, and the war of word-threats, with little changed except the desire of investors and traders to continue making profits; plenty of solid earnings reported to stir interest in buying; and with “Goldilocks” still hanging in there – with a “not-too-hot” or not-to-cold” economy running along with the melt-up.
U.S economy has been growing slowly and it appears that this growth is not going to disappear soon, keeping nice low inflation; the rate tightening is subdued and recession is kept in check.
Therefore, expect the bull market to continue indefinitely, seeing as there is a fully-employed economy, wage rises are substantial; and this does not incur the wrath of stirring up inflation and interest rates.
Considering the economic situation, and hopefully the north Korean situation becoming more controllable, less doom-and gloom from the naysayers, a more positive input from the media, strong global growth, low inflation, a major melt-up in the stock market; thrown in with a goldilocks riding along; expect plenty more profits to be made from those investors and traders who wish to participate in the future run-up of the rally.
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