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Trump is trying to deal with China the same way he dealt with contractors for his bankrupt casinos. Markets down 2 - 2.5% on fears of trade war with China. I just don't think he would do it. He pressured the federal reserve to keep interest rates low in order to stoke the economy, he managed to push through an ENORMOUS tax cut for the rich, and both these things caused people to pour more money into the market. I don't think that he can take the flack when he causes a market downturn because of heavy tariffs and a trade war.
Right now, I'm kind of happy I pulled it out. But I still know it's probably the wrong thing to do. Gonna sit tight and wait for now.
Important point to note - we are back to Jan 2018 on the S&P 500, 15 months of nothing while we have this public perception that we are going to the moon! We're actually FLAT!
Important point to note - we are back to Jan 2018 on the S&P 500, 15 months of nothing while we have this public perception that we are going to the moon! We're actually FLAT!
I thought the high was Sep 20, 2018, not Jan 2018. Maybe I didn’t go back far enough.
Edit to add vti was 148.91, much higher than Jan 2018.
Trump is trying to deal with China the same way he dealt with contractors for his bankrupt casinos. Markets down 2 - 2.5% on fears of trade war with China. I just don't think he would do it. He pressured the federal reserve to keep interest rates low in order to stoke the economy, he managed to push through an ENORMOUS tax cut for the rich, and both these things caused people to pour more money into the market. I don't think that he can take the flack when he causes a market downturn because of heavy tariffs and a trade war.
Right now, I'm kind of happy I pulled it out. But I still know it's probably the wrong thing to do. Gonna sit tight and wait for now.
You sound really afraid of Trump. Maybe you should pull your money out of the market and donate it all to the Clinton Foundation. Not sure why this thread doesn't move to the politics forum.
I look at the news and see increasing job creation and very low unemployment.
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