2019-5-7 17:17 |
By CCN. com: As the Dow edges toward new record highs, Warren Buffett says US stocks have plenty of room to run. But on one condition: that interest rates remain low. It’s a big “if,” but one that US president Donald Trump is desperate to maintain.
Trump has repeatedly called for a one percent cut in interest rates and slammed the Federal Reserve for moving in the other direction. If Trump gets what he wants, and interest rates stay low, the Dow Jones Industrial Average (DJIA) is poised for much bigger gains. Warren Buffett: “I Think Stocks Are Ridiculously Cheap” Speaking to CNBC,
The post ‘Ridiculously Cheap’ Dow Stocks Will Explode in Trump Nirvana: Warren Buffet appeared first on CCN
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