Bernanke said all the way back in the GFC that their plan was to get the Dow to 30k. The US Govt loaded their eyeballs to fund the 4T they pumped in, they arent about to stop.
Id be confident they can rig the treasury market also and prevent a meltdown on that side.
I would be more surprised if we do not see the Dow reach 30k before a recession.
There just seems to be this continuing optimism for the US economy almost at the expense of
Or separate from large parts of the rest of the world which are clearly stalling at the moment.
Things are going very solid with the economy even at this advanced date of the bull run but it doesn't have the same kind of 2008 feel where there was in your face consumer irresponsibility (not saying there are not anecdotal examples of this but I just am not noticing it to near the degree)
I think as technology spreads and people become more disillusioned with their governments or nation's economic prospects(East Africa, South America etc), currencies like Bitcoin, Litecoin, Dash and Monero could very well reap the benefits of that currency flowing in.
Is it a home run ? No, not by any stretch. Is it a potential hedge? Yeah, definitely.
