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comment by johnnyFive
johnnyFive  ·  2712 days ago  ·  link  ·    ·  parent  ·  post: The Dow's record highs mask deeper troubles

    For the record, we're discussing hypotheses for market behavior and I don't think either of us have the standing to do so.

I'm on the internet, that's all the standing I need!

I don't see anything in those links that necessarily undercuts what I'm saying. Real estate holdings are used as refuge by wealthy Chinese, not the Chinese government. Their own country's economic woes are all the more reason to invest in something tangible and not subject to the same fluctuations. Plus, the first article you mention is mostly devoted to why you should invest in those very trusts. So doesn't exactly suggest the same level of pessimism.

Trump's discussed infrastructure spending is awfully nebulous--as is typical, he has given few details, and there's a lot to suggest that it won't be implemented in the way he proposes. So I'm not convinced that such a theoretical plan is really the cause, or at least a major one.