4000-4200 is a good price target (if valuations were to reduce) but this kind of means you are projecting a lost decade ?
No idea, Iâm not that smart and didnât study why the lost decade was a lost decade. Maybe I should though!
Edit: the ChatGPT overlord says there are some potential parallels with the lost decade
âThe U.S. economy during the 2000s had consumers with damaged balance sheets, stagnant wages, and rising uncertainty â all of which led to weak spending and subpar earnings growth for businesses. Even when profits returned in the later years, they were often the result of cost-cutting rather than strong top-line growth.â
Thereâs a lot to chew and think about, there are parallels but itâs not at all one for one. Iâd also wonder if the instant gratification of today with regards to people buying stuff they donât need (watch âBuy Nowâ on Netflix, itâs great) can be reversed.
This could be interesting podcast from Bloomberg if someone is interested in learning about possibilities about US debt restructuring.
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For me it was revelation to learn that US treasury can be unilaterally extended at initial interest rates if US treasury dept wants.
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And that there is a concept of reopening debts from WWI time period to offset US debts.
source - some guy Iâve never heard of
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Is it all in USD terms?
At least the SPY is afaik only denominated in USD, and probably most other tickers / ETFs are as well, given theyâre issued by Blackrock (iShares) ⊠so not sure if your question is serious?
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Didnât notice those were US ETFs Tickets (thought they were just the underlying indices or potentially a mix of etf domiciles).
I donât know and personally wouldnât dwell on the details - they may or may not be, the message is more that a ton of markets are doing better than the US YTD.
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Breaking -: Trump comments
âI have no intention to fire Powell. I never said thatâ
âWe will have a deal with China. Tariffs wonât be as high as 145%, they would be substantially lower. They wonât be zero but they would not be as highâ
Expect rally tomorrowâŠ. Drama continues
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We need a clown emoji! On a Tesla.
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I think there should be a policy (in any country) that anyone taking office is not allowed to manage their social media accounts / any PR by themselves. 
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In the meantime
âStarting next month, May, my time allocation to DOGE will drop significantly,â Musk said during a Tesla earnings call. Tesla stock rallies on this news
Elon lost more money personally than he would save for US via DOGE work. Now thatâs what we call national service
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Well, Iâm a social democrat, centrist, I think itâs the best of both worlds. Free market with some measured oversight and sufficient economic and social safety nets to protect people from total disaster and dehumanization (and the rest of us from crime) and hopefully allow them a bit more space to do something good with their lives. Itâs far more efficient, too, and the RoI on state-funded healthcare and education is galactic.
My point was more than Musk losing money (which he had on paper) is nobodyâs gain whatsoever and thatâs a waste Iâd love to see mitigated somehow. I also find it unreasonable that itâs even possible for a single person to control hundreds of billions. Thereâs nothing, nothing they canât buy - except time, as Bill Gates has said - so after a point the question becomes âwhatâs the pointâ? My drivers arenât political, theyâre about efficiency.
I donât know the data, you could well be right. I think the underlying thread of creating great wealth is finding a problem, an unmet need, and solving it or meeting the need. I doubt that taxing JD Rockefeller, Henry Ford, or Berkshire Hathaway (largest tax bill in human history in 2024) stopped them from creating value 
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It depends on how much tax. Not sure what the number is but there is a sweet spot for taxes above which people donât feel like working harder. And sometimes governments can go crazy and itâs very damaging.
The first income tax rate in newly independent India was as high as 97.75% with 11 tax slabs. Reducing this sky-high tax rate was a major challenge for the country. Over time, India witnessed a significant decline in tax rates, from 97.75% with 11 slabs to 30% with just three slabs. The country has come a long way in its taxation journey.
Is that doublespeak for âcommunistâ?
From todayâs WSJ, the share of wealth held by the top 0.1% (in the US):
(Source)
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They should also have a plot for how much of worldâs wealth in controlled by 5 people in the world (leaders of big superpowers)
They can literally destroy half of it with stroke of pen
Seems a little too political to discuss, maybe.
Letâs turn to ⊠surveys.
(Source)
Just love Clifford Asness' repost/answer here.
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Sure, for some Americans 
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We have home Bias. I had mine related to Switzerland. In the end i chose this year to go away before the dip because it was capturing less benefits, but the same dips
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