Market breaks 20,000

[Kirkland Laing]

Yesterday it broke and held 20. Today so far the trend continues. Scary and exciting. All of our pensions and 401ks are tied to the market over 100 million Americans benefit from this

I thought we were facing an imminent financial collapse. What has happened between now and a few months ago that make you more optimistic?

[brocktonblockbust]

Thank god kookland isn't in charge but The Don IS!

[Kirkland Laing]

Thank god kookland isn't in charge but The Don IS!

I notice you're not actually answering the question. You can't answer it, can you?

The US stock market has a price to earnings multiple of about 22. 21.8 What the hell.

The Russian stock market has a PE multiple of 9.1. Cyclically adjusted it's 5.9 and I'm rounding it up.

Why is the Russian stock market such amazing value compared to the US market? (Nothing to do with sanctions, ratios were the same before we imposed any sanctions.)

Bet you can't answer that either Mr. Night Train university graduate.

[brocktonblockbust]

Let criminals out. Let illegals in. Let boys in the girls bathrooms. Condemn police officers. Persecute Christians. Don't care about the veterans. Pervert the children. Stomp on and burn the American flag. Accept barbarity in the name of Islam. Overtax the hard working people. Coddle the lazy. That's the liberal way.

[brocktonblockbust]

Despite your whinging here on P/E it has recently declined as Discounted Cash Flow and more direct market-based methods have become more popular.

[brocktonblockbust]

You know what Im sick of this mental midget posing as an economist. Time to ~~~~rip~~~him a new one. First off, IMBECILE, youre the night train bitch. Your BS P/E hyperbole is and has been known
to be FAR TOO SIMPLISTIC--- A multiple IS JUST combining many value drivers into a point estimate---has it crossed your mind that it makes it difficult to, let's say for lack of a better term off the top of my head as I ~~~~rip~~~~you a new one bitch, "disaggregate the effect" of different drivers, such as growth, on value?? Has it?? The danger is that this encourages simplistic – and possibly erroneous interpretation. But NO Kirky Herky Jerky would not NIGHT TRAIN HIS ASS into that kind of analysis, would he Let's not even GET to how STATIC that crap is.

[walrus]

Kirk is an utter cunt

[Kirkland Laing]

Let criminals out. Let illegals in. Let boys in the girls bathrooms. Condemn police officers. Persecute Christians. Don't care about the veterans. Pervert the children. Stomp on and burn the American flag. Accept barbarity in the name of Islam. Overtax the hard working people. Coddle the lazy. That's the liberal way.

OK then, by any single metric you can name of measuring stock values, US stocks are earning three to five times as much as similar earning Russian stocks. Why is that? You can't answer, can you?

[walrus]

Let criminals out. Let illegals in. Let boys in the girls bathrooms. Condemn police officers. Persecute Christians. Don't care about the veterans. Pervert the children. Stomp on and burn the American flag. Accept barbarity in the name of Islam. Overtax the hard working people. Coddle the lazy. That's the liberal way.

OK then, by any single metric you can name of measuring stock values, US stocks are earning three to five times as much as similar earning Russian stocks. Why is that? You can't answer, can you?

Russia has an economy the size of Italy

[Kirkland Laing]

Let criminals out. Let illegals in. Let boys in the girls bathrooms. Condemn police officers. Persecute Christians. Don't care about the veterans. Pervert the children. Stomp on and burn the American flag. Accept barbarity in the name of Islam. Overtax the hard working people. Coddle the lazy. That's the liberal way.

OK then, by any single metric you can name of measuring stock values, US stocks are earning three to five times as much as similar earning Russian stocks. Why is that? You can't answer, can you?

Russia has an economy the size of Italy

How about Russian multinationals like Gazprom then who produce and pump gas and oil all over the world? The size of the economy isn't even relevant for domestic firms. I'm comparing earnings per share. Or at least future projected earnings per share which is what stock prices are based on.

The reason there's such a difference is the rule of law. Investors need to feel that there's a set of rules that everyobdy has to adhere to, that contracts will be respected and so on. Investor rights need to be protected. Corrupt environments and weak investor protections from scams and corrupt financial systems mean stocks trade at a massive discount. In Russia assets can be confiscated or reassigned by the government. CEOs can be jailed for going against the existing power structure.

America has the strongest or equal strongest market protections in the world. But once a government starts ignoring the rule of law and shows no respect for longstanding international agreements that they've previously signed up to that can change in an instant. It won't happen all at once but a Trump administration that gradually erodes trust in the rule of law and the institutions of government will inevitably cause US stocks, bonds and other assets to trade at a discount. Maybe even a significant discount.

[walrus]

Yesterday it broke and held 20. Today so far the trend continues. Scary and exciting. All of our pensions and 401ks are tied to the market over 100 million Americans benefit from this

I thought we were facing an imminent financial collapse. What has happened between now and a few months ago that make you more optimistic?

Well if trump goes a different direction things could improve. You are the one always talking about collapse u idiot

[Kirkland Laing]

Yesterday it broke and held 20. Today so far the trend continues. Scary and exciting. All of our pensions and 401ks are tied to the market over 100 million Americans benefit from this

I thought we were facing an imminent financial collapse. What has happened between now and a few months ago that make you more optimistic?

Well if trump goes a different direction things could improve. You are the one always talking about collapse u idiot

What different direction?