The topic of the thread .... aka...."stalled" economy. If you statement is true, which it is, then your statement is "irrelevant" to the thread topic.
And in between those posts of yours .. you went from 401ks don't have anything to do with the markets to ..
"I had most of my 401k in stocks from 2009-2012,"
The average in the country is around 80% in stocks.
Originally Posted by LexusLover
My statements: "An increase of about 157% in 6 years. This increase has absolutely nothing to do with a 401k." JD was focusing on his 401k. In 2008 JD's losses were 17% instead of the 30% the DJIA lost. The stock market did not fall because of JD's investments. The 401k last value because of the stock market. I had most of my 401k in stocks from 2008-2012. The stock market impacted my 401k. My 401k investments did not impact the stock market. I can't even tell you what stocks I had during that time period.
You are correct in that my statement regarding the 6 years prior to the last 3 months are irrelevant to JD's 401k problems. However, criticizing the economy for 3 bad months ignores the
FACT that we had about 72 months of growth in the stock market.
I simply don't understand how someone can simply ignore that and complain about a few months of negative returns. Let's be fair. I realize that many individuals do not want to give any credit at all to anything positive that has happened during Obama's time in office. If the economy falters over the next 1 1/2 years, I will jump on the bandwagon. Time will tell.