There is a lot of room to grow. There crash reset the baseline and Obama smothered the recovery. We have eight years of unrealized growth coupled with deregulation coupled with cheap domestic energy coupled with a relatively stable world. There’s a lot of positives going for the US economy. An America first policy will be an incredible driver of domestic growth. On the other hand the BRICK countries are going to experience depression if we become serious about America First.
We'll just have to wait and see. All markets that rise, go down at some point - we just can't time it. I am sure that the market will be higher five years from now.
As for America First, those Walmart shoppers are going to be hurt and Chinese goods disappear. Also, China's rise in the world economy was largely financed by all the goods that used to be produced in the USA and Europe (at higher wages); it has enabled China to not just improve its workers standard-of-living, but invest in other countries, including the US.
