Investors groping for a bottom to the current bear market in stocks are searching in all the wrong places. Some are obsessing over the Federal Reserve's overnight rate policy. Some are perusing company results. Some are worrying over a potential recession. Still others are watching technical indicators to signal a washout bottom. But these are not the best tree
The stock market has stormed ahead under the administration of Donald Trump. After a big run-up from November 8, 2016 to year-end last year, the S&P has risen another 8% this year while the Nasdaq composite is up another 15%.
Ever since US nuclear technology was stolen by the post-war Soviet Union, the United States has avoided direct confrontation with nuclear-armed states out of fear of escalation into unthinkable nuclear warfare.