What's the New Reason to Buy Stocks? – Wall Street Journal

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Why buy stocks?

For the past year, investors have had ready answers to that question. Because a tax cut might be coming. Because the U.S. economy was doing a little better, and the global economy a lot better, bolstering profits. Because low inflation was preventing the Federal Reserve from tightening too quickly. Because other central banks were vacuuming up bonds, helping push long-term rates down. Because there was no alternative.