Comment by mikem170
3 days ago
Are stock market profit expectations mostly long term? Stock markets have been wrong before.
Besides that, the U.S. stock market went up over several decades while manufacturing capabilities were transferred overseas. That has had, and will continue to have, domestic ramifications that might not be captured by investor profits.
The stock market has been going up for a couple hundred years. When do you expect the pervasive short term thinking will crater the economy?
I didn't say that the economy would be cratered. GDP doesn't capture everything.