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Macro-State Discussion: Difference between revisions
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I like this Bridgewater article explaining this: https://www.bridgewater.com/_document/how-conditions-today-compare-to-past-equity-market-bottoms?id=00000184-4485-d0fe-a9c5-c49dd5ff0001 | I like this Bridgewater article explaining this: https://www.bridgewater.com/_document/how-conditions-today-compare-to-past-equity-market-bottoms?id=00000184-4485-d0fe-a9c5-c49dd5ff0001 | ||
Details: https://www.investmentwiki.org/wiki/Analyst_Opinions | |||
'''Moritz:''' On the assessment of bridgewater: My first two concerns that come to mind are 1) The amount of money. I am unsure how to judge the massive amounts of liquidity in the market. They might cause P/E ratio to stay higher compared to other times in history (At one point we need to study the liq situation esp. compared to history) 2) There is that arguments that investors could have learned from past recessions and things might play out differently. (E.g. more buying earlier when longterm opportunities open up) This argument probably does not make sense at all - as history always keeps repeating itself. Nevertheless i am interested in arguments why exactly things should behaving similarly than in the past. | '''Moritz:''' On the assessment of bridgewater: My first two concerns that come to mind are 1) The amount of money. I am unsure how to judge the massive amounts of liquidity in the market. They might cause P/E ratio to stay higher compared to other times in history (At one point we need to study the liq situation esp. compared to history) 2) There is that arguments that investors could have learned from past recessions and things might play out differently. (E.g. more buying earlier when longterm opportunities open up) This argument probably does not make sense at all - as history always keeps repeating itself. Nevertheless i am interested in arguments why exactly things should behaving similarly than in the past. | ||