Hacker News new | ask | show | jobs
by bsvalley 3396 days ago
2 things I can think of - investors (= people who buy stocks on the market) are enthusiastic about the recent changes in the government from an economy stand point.

Then the state of the current economy after the previous government. The FED feels confident enough about the recovery since 2008 and will raise its rate significantly. This alone will create an inflation. The US dollar will raise, mortgage rates will raise, etc.

People are bull for sure because they think short terms. They've been holding a lot these last 2 years since people were affraid of an eventual collapse of the market (bubble). Which never happened. BTW - Warren Buffet is %100 bull. That tells you something. I personally believe that the next year or so will be bull for sure unless someone crazy decides to attack North Korea or Iran :)