A little baffled by behavior of stock market (Nasdaq at record high).

[triron]

Seems something strange is going on.

[unblock]

1. how so? you don't think the outlook for corporate profits is good?

[triron]

3. Just intuitive feeling.

[LonePirate]

2. Q2 GDP was revised up and corporate profits are soaring. Stock markets like those things.

[BootinUp]

4. Think 1920's.

[cbdo2007]

5. oh lord...another stock market is weird thread

[beachbum bob]

6. Tax cuts favored corporations and the wealthy...

They are rolling in the cash while the rest of America pays for it

[NCTraveler]

7. The massive transfer of wealth that just happened wasn't top down.

The markets will almost always be happy when the wealthy gain massive amounts of additional wealth without effort.

[lame54]

8. Before the 2007 crash...

They artificially inflated it for months

And of course we didn't learn so no reason to think they are not doing it again

[PoindexterOglethorpe]

10. Who is the they you refer to?

Can you give some sort of documentation of this claim?

[PoindexterOglethorpe]

9. The current market is not in a bubble.

Earnings of many, probably most, corporations are up. That always fuels the stock market.

Trump himself and his behavior has little effect on the market, if any. The economy is pretty good. Yes, it could be better. Yes, wages ought to be higher. But people are still spending and that boosts the economy, and thus the stock market.

Every time the market drops a couple of hundred points, which is only a fraction of a percent, people here tend to go all doom and gloom and predict an immediate crash. Or, like you, they are suspicious when it rises, equating every rise to the excesses of the 1920s.

And while bubbles happen, and the stock market does decline, over the long run it rises. Over the long run it rises an average of nearly 10% a year. So if this year is going to be fit that pattern, athough rarely does the market rise precisely 10% in any given year, it ought to end this year in the range of 27,000 - 28,000.

[Awsi Dooger]

11. Stop wasting time rooting for a downturn

It might happen due to some unforeseen trigger but right now corporate profits are up and the market is reacting accordingly

http://www.latimes.com/business/la-fi-corporate-profits-20180829-story.html

[Awsi Dooger]

12. Nasdaq up 1% at record high, likewise S&P and Russell 2000 close at record highs

Amazon shooting up is what drove the Nasdaq