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I agree that it is too short to be a crash. But the OP says "Trump is absolutely the greatest on the economy" and the facts show otherwise.
Here's the thing....first of all, I am not specifically replying to you. Others read this
But, BS aside, which is worse - two years of a 15% per year run up and then a 30% "crash"....or three years where the DOW goes nowhere???
My answer is that it is the same thing. If we should have gained even 10% this year and didn't, that's 1/3rd of a "crash" and 1/2 way toward a "bear" market if we define it as 20% (which is how it is usually done)...
I get what you are saying, but I was also not replying to post #1 in this thread, just pointing out that the person who claimed a crash and no recovery was completely wrong based on actual numbers, period. Nothing about the POTUS, nothing about a blue wave, just pointing out a post that got the facts wrong.
And honestly, the math can tell you whats is worse in your example and we both know that. Personally I don't really care for my own financial situation because I have a lot of time left in the market so I view it as a relatively good thing, plus ever since this volatility I've actually increased my cash position by about 35-40% by trading against the NASDAQ, so its actually good for me that the market has gone down so much. We are all on the same playing field, but we all have a different clock and scoreboard we are watching.
Get out of the market now while it is still relatively intact IMO. Once February of this year hit the writing was on the wall and it has been buckling ever since. It made a new high in September I think nearly to 27,000, which would have been the time to get out before October, which is usually terrible anyway. But now with these Fed rates hikes most likely still coming it will keep tanking. Don't ride this pony all the way down 40-50% like in 2008.
There are plenty of research papers and statistics to show that people who try to time bottoms by getting out, then getting back in when the smoke clears actually do worse than those who just ride it out. This is a terrible bit of advice to be giving people.
There are plenty of research papers and statistics to show that people who try to time bottoms by getting out, then getting back in when the smoke clears actually do worse than those who just ride it out. This is a terrible bit of advice to be giving people.
I agree...I first started investing (mostly in dividend funds) in 1996, and have always ridden the downturns out...The Dow was less than 6,000 at the time....Over the years I've done very well thank you.
WOW!
What a Santa Claus rally eh?
All of 2018's "gains" wiped out, and starting to make a decent-sized dent into those of 2017.
DOW gains since Trump took office is now down to roughly 20% - or less than 10%/year. Not very impressive - especially compared to the gains in Obama's first 2 years.
Car sales down from 2 years ago.
Housing sales down from 2 years ago.
Monthly job gains down from 2 years ago.
Small investor confidence dropping.
Small business confidence dropping.
Durable goods orders dropping.
Business investment dropping.
Stock market tanking.
MAGA!
Ken
Don't forget Trump put asbestos in the baby powder.
Don't forget this: President Trump is absolutely the greatest on the economy. Dow breaks 25,000
I still stand by it !!! Its not over until its over.
No need to rush and kowtow to China.
There will be plenty of time for that if a better trade deal fails.
Trump didn't need Democrats for à trade war or trillion dollar deficits
The market doesn't wait till their in office to react, it already is crashing due to the Blue Wave.
Fun fact, the biggest 1 day drop on the day after a presidential election was the day Barack Obama was elected President in 2008...that blue Wave completely crashed the market.
The biggest market jump on the day after a Presidential election was the day after we elected Trump President....Red Wave = Trump Bump.
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