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Yet another long term skeptic throws in the towel and goes radically bullish–not many left

Posted by Richard640 @ 15:40 on December 13, 2019  

“Back Up The Truck And Buy, Buy, Buy:” Why One Economist Thinks “There Is No Risk” Any More

If markets crash deep into the red on Friday, blame this guy.

“Back up the truck and buy, buy, buy” Rupkey wrote, doing his best Cramer/Gartman impression.

Before this, Rupkey was best known to us for delivering a moving critique of the Fed’s decision to move ahead with interest-rate cutsearlier this year. But in this note, it appears Rupkey is throwing in the towel on this skepticism.

Already, the market has spoken. The public has zero faith that today’s events will resolve the “growth strangling” trade dispute. If anything, the deal likely won’t be resolved in a “big, big way” until after the next election.

Right now, after breaking through all-time high after all-time high on the back of trade optimism, is the time to go all-in and “throw caution to the wind,” Rupkey said.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.