I know. I debate whether to adjust my strategy or ride it out. I think I’m young enough to ride it out. It’s tough to try to time your investment strategy to an anticipated downturn.
Good grief! Well now the two camps will be that we saw a double bottom when we tested the Thanksgiving low today and bounced and others will still not be happy because they didn’t get their big capitulation day.
Guess we’ll have to see what the reaction is to the jobs report tomorrow.
Why would I cry unfair like you I am an American I could care less who wants to take credit for the trillions of liquidity rained down on the market, banks, and businesses deemed to big to fail.
We’re still sinking trillions in debt annually under these clowns and that includes Trump.
You are 100% correct! Presidents do not control the stock market or the economy. Especially in a global economy in which the slowdown of one countries economy can impact the economy in another country.
It’s not just Trump. There are those here who believe that during Obama’s presidency that he was responsible for the rise in the Stock Market, and that the economy during that time frame was good and it was due to him.
Best thing that can happen for the market…and the world for that matter, is if the GOP gets some balls and finally ousts the scumbag-in-chief. That will add TONS of stability to the world and thus the market.
As I’ve done for about 30 years, I’m keeping between 40% and 60% in the stock market. If we go down so that the value of my stocks are less than 40% of my total asset value, I will purchase to bring it up. That worked from 2009 through 2013 (and a couple of times before that).
No panic. No predicting.