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A message board destroys a top Wall Street hedge fund. You’ve surely heard about the WallStreetBets/GameStop saga by now. Many investors see it as a sign markets are headed for a crash.
In fact, Google searches for “stock market bubble” just hit the highest level ever. And a new E-Trade survey found two-thirds of investors think the market is in a bubble.
What if I told you this is the start of a megatrend that will propel disruptor stocks higher for years? As I’ll show you today, this story runs much deeper than a bunch of average Joes crushing the pros.
2020 was a horrific year in many ways.
The COVID-19 pandemic led to over 400,000 deaths in the U.S., over 22 million people lost their jobs, and the U.S. economy lost billions of dollars.
Meanwhile, a new administration was sworn in on Jan. 20, faced with three major crises.
The new president must deal with 1) the raging pandemic, 2) the economic problems due to so many Americans being out of work, and 3) the newest crisis that became painfully apparent on Jan. 6 â the insurrection on the U.S. Capitol building in Washington, D.C.
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Although some reports describe those involved in the insurrection as “Trump nationalists,” the participants were expanded to include off-duty police officers and far-right militants including white supremacists, members of QAnon and the Proud Boys.
Larry Berman: What does market breadth tell us about when to buy the dip ? VIDEO SIGN OUT
All my valuation models are still off-the-charts extreme, which means that longer-term, forward-based returns are likely well below average and correction risks are elevated. Economic conditions overall are supported by massive expectations for more stimulus and central bank support.
This could, and maybe should, last into 2022, but you can already see that massive stimulus is getting bipartisan pushback. There is also a funding problem. The U.S. Federal Reserve is not buying enough and that can hurt inflated asset markets.
You canât be bullish about this, but it can continue to support the economy for as long as it lasts, and it has thus far.