RE: Down On A Double Broker Upgrade3 Dec 2019 09:49
The Dow is not a real measure of the U.S. economy you really have to look at the S AND P 500, to get a real better view.
FTSE has now really just become another USD index just as gold has become a USD strength / weakness indicator. Just about all the top divi paying stocks in the FTSE 100 that pay 3 or 4 divis a year pay in USD.
Due to low interest rates the chase for yield has become another holy grail for the pensioners, just as moving into stocks has become a way to pay for pensions that the system cannot afford, I think the whole thing is running out of steam, yields are rising due to prices falling which is dragging in people who (wrong in my view) chase yield.
I do think that the stock market has had its day, the 80s boom and then the investment into it as an alternative to safely putting money into a bank and getting interest has gone, the next time bomb that is being primed and used is the EQUITY RELEASE BOMB, this no doubt will open up another miss selling scandal and / or use money that should be able to be used tomorrow to be squandered today to keep the financial machine churning ever onward devouring all in its path.