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发表于 2010-10-26 01:09 PM
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本帖最后由 colderdown 于 2010-10-26 14:11 编辑
回复 222# X!nG
I see.
But my point is back in 70s, union was very strong, which gave labors the power to bargain. Thus, what we saw during that time is high inflation with high labor cost. In another word, money was in people's hands. So, the equity market did OK (the referece for this type of market in current age is India, China may catch up too). 80's was because the successful contain of US inflation in 70s, then US went into debt economy, meanwhile, west began to win cold war. Then we had a super bull market.
Anyway, just my thought, until unstability around world happens, until new production growth in US happens, I kind of doubt strong USD may give us strong US equity market. By any means, comparing with bond, US equity is cheap now. However, can FED maintain bond yield this low forever?
At least today, we are seeing weak market, weak bond, strong USD. But one day is never a trend, I will keep your idea in my mind and be ready to trade my trade plan. |
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