Originally posted on 12/07/2018:

Quote Originally Posted by KVB View Post
Honestly Mushroom, that's just not true anymore.

The stock market and the economy are separate, no matter what they try to teach you.

The US economy is in really good shape. The good new is, nobody thinks it is.

As far as stock prices and future earnings, if only it were that easy.

It's a traders market. A gamblers market, driven by math more complex than just future earnings. Those thinking stock prices and future earning are long term and when they do trade short term, it doesn't move markets.

Don't kid yourself, the stock market is an institutionally manipulated animal independent of the economy, has been for some time now.

Much of this is true, but fundamentals are still the linchpin.

But hey, that’s the way I think.

I also think bookmakers try to get even money on both sides of the bet.

KVB and I are opposed on both topics. Funny how they are both very similar.

Who is right?

Probably both of us.