I think the stock market (will) continue high no matter who wins, ... because of excess liquidity, steady growth and rising profits.
More Quotes from Ronald Hill:
I think health care companies are likely to grow profits three times or faster than the SP 500 next year again, ... I think those are looking remarkably good.Ronald Hill
Earnings actually have been very good in the second quarter. Sixty percent of the companies reporting so far have been upside surprises. That's not quite as aggressive at this point as the first quarter reports were, but still a very good performance in a weak quarter.
Ronald Hill
What is happening is a little like what happened in the 1920s, the period where demand growth was quite strong but supply growth was even faster. You had new technology then, it was electric power. Now its computing power.
Ronald Hill
When you research companies, they now have a statement on Y2K compliance, which they are required to give you,
Ronald Hill
There's still plenty of liquidity. Earnings have been spectacular, over two-thirds of the companies reporting so far in the SP 500 have had upside surprises. Remember, strong growth gives you strong earnings. And the key thing is that inflation is still somewhere over the horizon.
Ronald Hill
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