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I am hoping the mid-terms, and the mixed Congress will restore a sense of sanity and stability in US, and it will help the economy and the stock market.
I am hoping the mid-terms, and the mixed Congress will restore a sense of sanity and stability in US, and it will help the economy and the stock market.
Gridlock is generally preferred but if it will lead to sanity or stability is highly questionable. The inability to pass legislation to solve problems on important issues is a road block to progress suggesting the fighting must continue.
Peterffy said he believes he would be a buyer of stocks in either scenario, viewing declines as buying opportunities. He said a more positive outcome for the GOP would also prompt him to adopt a bullish stance, at least for the near term, because it might reaffirm optimism around a business climate conducive to indexes returning to all-time highs.
The economy trend started during the Obama administration! The Joblessness downward trend start during the Obama administration. The media is too lazy too "fact check." Donald Trump should NOT received credit for neither trend!
The economy trend started during the Obama administration! The Joblessness downward trend start during the Obama administration. The media is too lazy too "fact check." Donald Trump should NOT received credit for neither trend!
When the trends end will Obama be responsible for it ?
Will he be standing at the finish line declaring victory ?
When the trends end will Obama be responsible for it ?
Will he be standing at the finish line declaring victory ?
It's like a relay race. One member may give you a baton with the lead they created, but once you have the baton, at a certain point, if you lose the race, it's on you.
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It's like a relay race. One member may give you a baton with the lead they created, but once you have the baton, at a certain point, if you lose the race, it's on you.
Good analogy.
But the new runner needs at least a little time.....
If Obama was winning the marathon by an extra minute and give the baton to Trump...who is at 30% less speed than Obama, Trump will still be ahead for a good while due to the lead and momentum.
It was quite easy to see with the Great Recession- The Clinton years were BIG TIME BOOM - some 15-20% stock market gains and a balanced budget - actually a surplus and more forecast.
He handed off to GWB who immediately thought "I'll borrow money to give all the children free ice cream" - known as the Bush Cuts. Lo and Behold the combo of that, dereg and letting the foxes watch the chickens caused a 10-20 year even we now call the Great Recession. It took years to accomplish that.
Most everything works that way. I sold our lifetime business and we had a great reputation established over 20 years. The new buyers didn't have to advertise at all and coasted along on our momentum for 7 solid years and then 3 more so-so. The actual effects of their (poor) policies didn't start until after that - and now they are doing 1/2 or less the business we were doing 20 years ago...and hardly keeping the doors open.
It always amazes me when people think things happen instantly. The crash may have officially happened in 2008, but the setup was long before that. The stock market started back up in 2009, but the effects of the Recession are still with us.
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