Quote:
Originally Posted by vacoder
The OP should be the only one embarrassed by starting this thread and not owning up to it today.
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I'm right here and owning up to it. If its such a failure why are you here ? It's one of the most fun and informative threads I've ever started.
As to those commenting on the thread title.
It worked. What it did was to make a factual claim, (although one that could be disputed), that Trump is greatest for the economy.
Then I added the Dow breaks 25,000. Another fact but one that would keep the conversation going because the market is ongoing. Its not going to end whether the economy is good or bad. Again it added controversy about the relationship of the market to the economy.
Is the economy the market ? Is the market the economy ? That's been debated here. Some people have even tried to give financial advice like internet gurus are known to do.
The real value is in the comments made before events occur.
Eliminate all the usual political accusations and boasting by both sides and what stands out is the creditability of those who chose to state what they are doing and why. In quick review of the post in this thread, one stands out IMO. That is the comments of poster "WilliamSmyth ". Look at post #124. He wasn't telling anyone what to do IMO. He was explaining what his position was, based on his years of experience, risk tolerance and timeline. Everyone has their individual situation to consider and preservation is key.
Fail to protect your capital and you are the loser. Anyone who didn't take profits should be kicking there own butt and no one else's.
Check my post in # 128. I'm mocking Pelosi but I'm stating a fact also. I don't want to be seen as giving market advice so added...
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Every year around the New Year holidays I take profits and adjust my investments based on the risk I see ahead. I'll do it at other times also if warranted on my risk tolerance.
When the market is overheated in a bubble, what happens. Look at the dot com bubble. Same result different reason. Another truism is hogs get slaughtered. Greed. When everyone is getting in, its time to get out. Risk, red flag. Preservation is key !!!
Hopefully people will realize the market is not the economy. Its a way to gamble on it.
No one is likely to get rich in a hurry but they sure can go broke in a hurry.
How about all the comments saying its Obama's economy. Are they going to claim its his downturn in the market ? The same for those saying it Trumps economy. People can't have it both ways. I'm not a Trump supporter because of what happens in the economy or the markets. I'm a Trump supporter because he is an American citizen supporter. I don't care about his personality. I'm not looking for a date or someone to whisper sweet socialism in my ear.
IMO its Trumps economy no matter how the stock markets acts.
I've traded and invested in the stock market. I've traded in the currency market too and that is high risk. Being retired I don't do that anymore. Preservation is key.
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