Saturday, December 2, 2017

The face of the stock market bubble

Yesterday's stock market gyrations on the news that Flynn pleaded guilty to lying to the F.B.I. is an indicator of how fickle Wall Street is regarding all things Trump.

In fact, the embattled president is the true face behind that huge bubble that keeps on bulging ever since he's been elected.

The stock market analyst Morningstar pegs the market at being 3% over-valued and I would be tempted to say it's in fact closer to 5%.

So, even if Trump can't be impeached, or if the new tax bill passes, expect the market to eventually flatten and take a breather, if not drop in the 3% range or more, come early 2018...

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