N6376m: Actually I wonder about you being a career boy since you never fail NOT to read what others have to say and make extremely sure NOT to understand..but then people have made impressive careers doing exactly that
"Markets are almost always wrong. If not, how could bubbles exist? The only points where they are correct are what he call the inflection points - that is, when the bubble bursts or when the market bottoms out. If everything is already factored in, I guess we should expect the market to remain steady on Tues and Weds of this week. Let's see"
1. Nonsense!! Markets are never wrong!!! They are a fact, and facts cannot be wrong: If it rains outside, it rains, if you say it doesn't, you're wrong, if I say it does, I'm right, but the fact remains, that it rains!
2. World markets are currently very volatile, though they don't show exactly high amplitudes, so whether they remain steady or not is (almost) no question of your election. Not even oil prices will get a kick up or down by that election.
"If anything market volatility has increase as information technology has improved. That sort of sink's your argument. You might disagree with me but to say that you and the other professions are the only one with answers is a bit pompus."
That is indeed correct, funny enough,though lots of academics who have been watching capital markets to prove or un-prove CAPM and theories in information efficiency told us differently for decades...actually in my own doctor's thesis I doubted informational efficiency very much, but couldn't prove my point either, unfortunately.
Why this sinks my own argument remains completely unclear, though. I'm talking about macro-trends, and the outcome of your election is none anymore! You seem to talk about short-term volatility...ok for me, it's just so that it would be utter nonsense to say that the capital markets go down.
If they go down, then it is because of permanently soaring oil prices or because growth comes to a halt, but definitely not because GWB and JK
each start to pack their things.
And in fact it is YOU who claims to know about markets, I, on the other hand, know markets well enough to claim that YOU DON'T!! It's all about you, honey, not me...
oh and btw: And YOU can lick up what comes out of it!