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The market does not like surprises. Throughout the night, futures stabilized and obviously since then, the Dow and the economy have been doing very, very well.
But yes, if Sanders, Harris, Warren, any of those anti-business Democrats are elected, watch out.
"From March 4, 1929, through July 5, 2016, U.S. stocks returned an average of 1.71% under Republican administrations and 10.83% under Democratic administrations"
Which would you rather make?
US Stock Market returns under "bad business" Obama blow away those under Trump...and it looks like the difference is set to be vastly larger than it already is as few are calling for continued 12-14% yearly returns (as under Obama).....
Surprises? Are you not listening to Corporate CEO's? Every day they are saying they can't plan due to Trump Tweets. The entire course of many large businesses is up in the air.......the number of CEO's worldwide who say the US is "the best place" for investment is down from 43% last year to 27% this year.
This is due to ONE THING and one person. Tweets.
When you run a trillion dollar business and wake up to the POTUS toilet tweets saying your products are going to be taxed an extra 25%, that is a surprise, right? Then, he retracts that the next week....then the next week he says it will happen again.
You can't have it both ways! Many Trump fans on these boards are celebrating at how bad business is doing and jumping up and down because we are all losing so much (anticipated gains) in the market. Vast numbers of businesses are complaining about the uncertainty.
Yet you are saying Trump is a steady rock with no surprises? Fantastic and a perfect example of the opposite world I am talking about.
Please....read the business pages. Do the math. The market has gone nowhere since Trump signed his "tax cuts from debt and deficit" signature legislation.....the only thing that has gone WAY up is our debt and deficit.
If Obama is the "bad bad for business" type, then I want more of the same! "over the course of his presidency, the Dow surged by 148.3 percent."
You and I have both argued that the stock market is in a bubble. By commonly accepted measures and historical averages it has been overvalued for years now (preceding Trump).
Isn't it good to have the stock market go sideways for a bit if you want to avoid a massive pop? (I guess by sideways I mean big swings based on good economic data mixed in with scary tweets, bad economic data, etc...causing the swings that equal not much gained the past 18 months?)
Well, yes, I'm not complaining about the 5 or 6% which I think represents "sideways" given as it is only a few points above inflation.
But we've already had that....the Great Recession let the air out of that and we've been slowly building up a great foundation. Independent of Trump, I would have stayed fully invested and had faith that the market would be returning 7 or 8% a year (and maybe more) just due to slow growth and a solid foundation.
But the risk of a madman at the helm changes the calculus. Anything can happen now...war, impeachment, tweets from the toilet, tariffs, emergency declarations, etc.......
The market is already spooked due to these and when/if a couple of these events line up, it will sink like a stone.
The markets are based on two things...one is the ROI, and corporate profits were quite steady when Trump took office. The other is perception/mob mentality, etc.
That second one is what we are dealing with now...and it's already causing changes in consumer and corporate activity.
Making predictions is not my thing. But I am fairly good at accessing risk....and for 40 years I have been largely right (over the long term). But there is no doubt Trump is different from former Admins. He does not believe in norms, the rule of law, the constitutions, the separation of powers, teamwork, working with others, long term planning and MANY other such things.
This would be OK is he just say in the office watching Fox or played Golf and left the Adults to do the work. But he is determined, as per the OP here, to mess things up for everything.
He's the type of guy who would steal or defraud you out of 100K...and then, two years later, give you 1K and tell you that you should be loyal to him for life for giving you so much money.
All normal bets are off. I see no adult supervision.
I'm not trying to scare off other investors. If I had to give advice I'd say to go for strong dividend stocks that are likely to keep paying....at least you would get income and the pricing is likely to remain stable or go up as interest rates go down.
But risk is still there...I even sold 15% or so of my div. holdings lately. I just don't trust the dude to do what is right for others.
Is there anyone alive stupid enough to believe a word that comes out from that idiot's mouth?
Sadly yes, there are apparently millions who do.
Trump's core base (like the rust belt) aren't known for being into the stock market, let alone having gainful employment. His idle threats mean nothing, but should serve as additional incentive to kick that "prince of whales" out.
“If anyone but me takes over,” Trump told his 61 million Twitter followers on Saturday, “there will be a Market Crash the likes of which has not been seen before!”
Sounds like he's running scared about his ability to win, so he's threatening the voting public. Way to go.
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