william the wie
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- Nov 18, 2009
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- #21
Two simple arguments
Because the ten year treasury yield went down to 2.87% today at auction, all investment discounting techniques will also see the numerator stay more or less the same while the denominator shrinks. That in turn raises the value of equities
With total after tax wages going up for the nation as a whole more money will be fed into retirement accounts but some of that will be last minute additions more money in the market also means higher stock and bond prices..
Hold on- didn’t you post the 10 year would be like 6 or 7 by the end of the year? For what it’s worth, I think the Dow will see 17,000 before it sees 27,000.
at least close enough to right on the 10 year T. My errors, if such they be, was not paying enough attention to the Far East:
1. I had no reason to believe that Abe would blow himself out of the water quite as thoroughly as he has.
2. Nor did I realize that without Abe that there was zero chance of Trump selling Japan anti-missile defenses.
3. I strongly suspected that selling defensive weapons to Japan was giving Trump great leverage in negotiating with North Korea and China, hopefully it was not the only lever.