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The S&P 500 is currently 6.5% below the record high it reached on April 30.
Still not a market correction, but getting there.
My big concern isn't where we are at this moment, but rather where we are going to wind up. My faith in the people in the driver's seat is not great. They could drive us into a ditch or off of a cliff. I would prefer the former; not the latter.
People are easy to forget that the people in the driver seat got the market when it's at 18,000.
So yeah, let's not have faith and instead let's just travel back in time when it's at 18,000, put a different driver where we can stay stable 18,000 for 4 years and possibly for another 4.
We could get into a long debate about how much the market was juiced by a massive tax cut that wasn't needed, drove up the deficit and gave corporations big $ to buy back stock. Also, no one knows how the market would have done under different leadership. My interest is in where it is headed, not where it has been, and the future seems quite murky at this time.
they inherited a healthy market and inherited an economy where the trillions pumped in to the economy by the QE'S were finally working their way through to the bottom line which is the unemployment numbers . that can take years to work it's way through ..
it took 8 years for the indicators to reach a place where they typically would be 3 or 4 years out of a recession because we were hit so hard ... and to boot this economy and a 2% range in gdp is the best those trillions got us ....we should be drowning in inflation and inflation is still below the fed mandated target despite unprecedented trillions pumped in ..so that gives you an idea why things are so delayed working it's way through and has very little to do with the current regime which so far has mostly inflicted pain on the economy .
they inherited a healthy market and inherited an economy where the trillions pumped in to the economy by the QE'S were finally working their way through to the bottom line which is the unemployment numbers . that can take years to work it's way through ..
it took 8 years for the indicators to reach a place where they typically would be 3 or 4 years out of a recession because we were hit so hard ... and to boot this economy and a 2% range in gdp is the best those trillions got us ....we should be drowning in inflation and inflation is still below the fed mandated target despite unprecedented trillions pumped in ..so that gives you an idea why things are so delayed working it's way through and has very little to do with the current regime which so far has mostly inflicted pain on the economy .
That doesn’t make sense.
3% GDP growth is not economic pain by anybody’s definition.
In your view, what future expressed in % annual growth do you have in mind?
Just my opinion, but trying to predict the future for the economy under present circumstances is an exercise in futility. There is no way of telling what the administration will do from moment to moment. Even the President's advisers often seem to be caught off guard by his knee-jerk actions. Forward thinking does not seem to be a strong suit for Trump.
Just my opinion, but trying to predict the future for the economy under present circumstances is an exercise in futility. There is no way of telling what the administration will do from moment to moment. Even the President's advisers often seem to be caught off guard by his knee-jerk actions. Forward thinking does not seem to be a strong suit for Trump.
I wouldn't put too much faith in the quarterly GDP since they played around with seasonal adjustments to fix the underreporting in past Q1's. What they gave to Q1 they take from Q4 and Q2. People were surprised at the strength in Q1's number should tell you something.
when they are showing this low it is not a good sign no matter how they adjust
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