The US stock market would appear to be on a rip. The bulls are clearly charging. But for how long? History would suggest longer than the bears think!
Not that I’m great at predicting bear markets. “Time in the market, beats timing the market” man.
Share prices are the discounted current value of future earnings. You buy because you want a share these future profits ( either dividends or a higher share price.) What would you pay to buy $50 of next years earnings. Or the year after. Or 5, 10, 15 years from now.
Maybe you would pay more than I would. Neither of us can prove the other one wrong.
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