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Market sent a clear message to Trump: Knock it off.
Trump went 24 hours without tweeting.
Yeah, Wall Street likes it more when the mainstream media gets to filter and re-write and mis-quote everything President Trump writes and says. Bernie Sanders is right, they are all in cahoots with each other.
Market gained back about 10% of the losses over the last 6 weeks. That's a good thing.
Is the OP giving credit to Trump for today's increase? If so, does the OP assign blame for Trump for all the losses recently?
Does OP also blame Obama for gifting Trump a growing economy.
Does OP also accept that the market reacts to economic policy changes slowly so we'll not really see how the market truly feels until next year or 2020?
As I have noted before, I accept good economic news at face value. I am glad for this historic rise today.
Not for me, for I moved my money in my Thrift Savings Account (Federal equivalent to 401k) to G-Fund securities in late August. I lost out on the September rise, but also missed on the downward trend since then.
However, many of my friends and family still have 401ks. One of my sisters told me, yesterday, that she was appalled at how much her 401k had lost in value, since she was 100 percent into Dow Jones index. I told her (she is 50 years old, my little sister) to hang in, quoting Paul Harvey: It is only those that jump off the roller coaster that get hurt.
I moved everything into government securities on August 30th due to my retirement on June 30th, at age 63, due to an onset of blindness in my right eye. I sat and thought about it, and realized that I would no longer be able to 'ride it out'. I am glad for my choice.
Yet, as noted, many I know are not as fortunate. I am glad that today saw an amazing rise. My sister is feeling better. My other friends are breathing a little easier. This is no joke: when the market falls as it has, it has real consequences for those close to retirement age.
So, we are all glad at this one-day historic rise. Is this but part of the volubility we have been reading about? Perhaps. Tomorrow is another day.
To be snarky, as I suppose others have: It is an odd coincidence that the market did so well while Trump was not only out of the country, but was silent on Twitter for 19 hours straight.
Yeah, Wall Street likes it more when the mainstream media gets to filter and re-write and mis-quote everything President Trump writes and says. Bernie Sanders is right, they are all in cahoots with each other.
I wish Trump hired a close friend to be Fed Reserve chairman.
Hiring Jerome Powell is one of the rare cases when I've disagreed with Trump.
Why are some of you posters pretending that you’re in the big investor class. Knock it off.
Everyone on CD is in the class that invests into their 401k’s and such and waits for it to grow over a long time. None of you are big players. And certainly none of you are in the “I gotta check out my one day gains” class.
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