Quote:
Originally Posted by Robbie
No, in my view...the politicians are the "amateurs" with no real life experience.
Stock market sucks right now. But the economy is roaring in every other way. The news is reporting on stocks NOW that they have sharply declined (thanks to the Fed raising the interest rate EIGHT times since Trump was elected...they only raised it ONCE for the entire 8 years of Obama...lol) of course they downplayed it when the stock market was at historical highs.
The stock market is going to come back fast. If any of you had any brains, you would be investing NOW while the market is low.
Once the China deal is completed and the stock market gets over the Fed rate hike...watch what happens.
Of course the "Hate-Trump" people can't see this. But people who actually have money and know how things work do see it. They are simply waiting for the bottom of this correction to buy, buy, buy.
|
Show me a time when the market had a 10% or more correction that didn't lead to a recession. We've had a 17.5% correction since September. Interest rates have been raised many many times without a huge correction. The two biggest indicators of upcoming economic turmoil are the stock market and the housing market, and the housing market is also showing signs of a decline. What was the first thing that happened preceding the great depression? The stock market. Same thing in 2009.
Here are some other fun facts to go with your "roaring economy"
-Real wages for average workers are lower today than in 1973.
- Nearly 80 percent of workers live paycheck to paycheck.
- 40 percent of Americans can’t afford a $400 emergency.
- Americans are reaching retirement age in worse financial shape than their parents.
- Half of older Americans have no retirement savings.
- Hundreds of thousands of bright young Americans are unable to go to college because they can’t afford it.
- Over 30 million Americans have no health insurance and even more are under-insured.
- One out of five Americans can’t afford the medicine prescribed by their doctors.
I'm starting to think you are more out of touch than Trump.