I've been studying Trump and the market lately. And I think he's actually making two points.
When we think of 401ks, many or some Americans might have it. Their gains might be 10% annually. It'll still take some time to get to a comfy retirement amount.
If Americans keep their money in indexes as most encourage them to, then they have seen many positive days under Trump. The great recovery above 30k is a way of flipping the bird to MSM, China, and anyone who thought that Covid would crash the market under him. Our recovery OBLITERATED China's.
The constant rise since the election under the ASSUMPTION the Biden won, is setting up fund managers and the wealthy for a nasty surprise. It goes back to the first point that the economy IS NOT the stock market. But the wealthy have significant amounts of money tied up in it.
When MSM talks about Bezos making billions in a day, they NEVER talk about Bezos LOSING billions on a red day. BUT, at the end of the day, the market can be a phenomenal money maker OR loser for people.
If the ultra wealthy have a lot of their funds tied up in the market, and they are lulled to sleep with a Biden victory, then they might be in for a rude awakening. My hunch is that there will be tremendous volatility in the next few weeks that will cause the market to drop again.
But the drop is due to MSM lulling EVERYONE to sleep about a Biden administration. 401ks will lose some, but the much wealthier in individual equities might be in for a world of hurt to start 2021. In life, money talks, and I think any sanctions on companies might give the market another shock.
I didn't think much of it until I saw this video where the reporters at 1:20 commented how weird his "30k surprise press conference" was last month. https://www.youtube.com/watch?v=VzWEsH3kY3o
I've been studying Trump and the market lately. And I think he's actually making two points.
If Americans keep their money in indexes as most encourage them to, then they have seen many positive days under Trump. The great recovery above 30k is a way of flipping the bird to MSM, China, and anyone who thought that Covid would crash the market under him. Our recovery OBLITERATED China's.
When MSM talks about Bezos making billions in a day, they NEVER talk about Bezos LOSING billions on a red day. BUT, at the end of the day, the market can be a phenomenal money maker OR loser for people.
If the ultra wealthy have a lot of their funds tied up in the market, and they are lulled to sleep with a Biden victory, then they might be in for a rude awakening. My hunch is that there will be tremendous volatility in the next few weeks that will cause the market to drop again.
But the drop is due to MSM lulling EVERYONE to sleep about a Biden administration. 401ks will lose some, but the much wealthier in individual equities might be in for a world of hurt to start 2021. In life, money talks, and I think any sanctions on companies might give the market another shock.
I didn't think much of it until I saw this video where the reporters at 1:20 commented how weird his "30k surprise press conference" was last month. https://www.youtube.com/watch?v=VzWEsH3kY3o
The Fed will keep printing money and suppressing interest rates so the stock market will keep going higher, no matter who's in the White House.
Actually the worse the economy gets the more the Fed will print and suppress. The stock market now has an inverse relationship to the real economy.