Wall Street’s Record High Is About To Tank?
The Wall Street bigwigs think the ‘Trump bubble’ is about to burst. Wall Street has been in a record high since Trump’s administration took office. This progress is what they consider a ‘bubble’. Maybe it’s called a bubble because they’re meant to burst in a constant fluctuation known as Wall Street.
If the Trump bubble were to burst analysts consider it to be ‘market correction’ but their observation has investors nervous. So, when everything is going great why do they believe a massive decline is about to happen?
As Written By John Crudele With NYPOST.
The stock market has been in a bubble for years. I’m not the only one saying that — others, including many with loads of Wall Street experience and tons of dollars at risk, have said so, too.
But I have also said that bubbles are nice while they last and that investors should enjoy this one as long as they think they can get out in time. (Don’t even give that a moment’s thought because once the bubble starts popping, you won’t get out in time.)
The market has had a couple of down weeks in a row, so I think it’s time to discuss what the end of this bull market might feel like and what might cause the euphoria in stocks to become exhausted.
Stock prices did rebound a bit on Monday, with the Dow Jones industrials rising 72.09 points to close at 23,430.33. That’s not far from its record close of 23,563.36 on Nov. 8.
But Monday’s Dow gain comes after the 30-stock index and the Standard & Poor’s 500 indexes recorded their first consecutive-week losing streak since August. And people who psychoanalyze Wall Street are worried that the market looks tired and that the rally in prices is self-destructing on low volume and a lack of enthusiasm.
This week won’t be a good one to judge what the future holds.
With Thanksgiving on Thursday, the week will be shortened to 3½ days of trading, but actually, only two full days since the bulk of traders take Wednesday and Friday off.
Keep Reading More Here: Why Wall Street’s record run may soon come to an end
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