Poll - The Stock Market and Vintage Sales

[oldjudge]

Scott--the problem with PEs is that you are looking at numbers from two different periods. The E is something that came from months ago and the P is the current price reflecting what will happen going forward. Some countries may capitulate, but my sense is that most won't. More importantly, what happens to US companies. Trump needs to negotiate carve outs with them in exchange for domestic investment or this thing, in my opinion, will end up a lot worse than it even looks now. The longer this goes on the more difficult it will be for a Trump to save face and we all know how important that is to him. Will the market come back to its prior highs--I believe at some point it will. But that point could be a long way in the future. I wonder how those UAW workers who were at trump's announcement feel about their pension plans now.