The stock market is a complex adaptive system in which cause and effect are not easy to link. Market movements, particularly over short periods such as a presidential term (yes, four years is a short-term investment period), are random."
Princeton University economist Burt Malkiel, who I was fortunate to meet while he was dean of the MBA program I attended, popularized this theory in his book, "A Random Walk Down Wall Street," in which he argued that asset prices typically exhibit signs of random walk and that one cannot consistently outperform market averages. This post was edited by Stu Spelling Bee at October 19, 2017 12:58 PM MDT0%.
Plenty of events that could burst the bubble anytime. Time to diversify.