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Seven years after a crisis that shook Wall Street to its core, the financial sector’s economic imprint has largely recovered. The number of people working in the securities business has returned to 2007 levels, as has the gap between the compensation of Wall Street workers and that of everyone else.
The financial sector as a whole is reporting profits that are as large a share of the overall economy as in the early 2000s and more than double their average level over the 70 years ended in 1999.
The stock market is artifically pumped up by the Feds and quantitative easing. It will correct when the Gov stops pumping money into it. Wall street will still make off like a bandit, while regular schmoes like us get our investments and retirement funding screwed over.
And its not a Republican/Democrat thing... both parties serve their wall street masters.
i have experienced only 2 crashes in 30 years as an investor. these melt downs are more chicken little events then real happening events through most of history..
WE are really no higher than we were 15 years ago adjusting for inflation . in fact the real return over the last 15 years is an average return of 1.80%
while valuations are at a high end they are hardly in a bubble.
when compared to the 5% interest rates we had 15 years ago they are actually pretty fairly valued.
bubbles don't happen when everyone sees the same crappy outlook . in fact if it wasn't for all the things figured in the perception of things we should be quite a bit higher,
bubbles happen when no one sees anything but blue sky. that is certainly not the case. in the last 5 months investors have pulled 18 billions out of stock funds.
these are certainly not the times bubbles are made up of. could we have a correction ? sure we could but that is a normal part of the cycle .
Last edited by mathjak107; 05-20-2015 at 03:37 AM..
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