The market does not give a fuck who is President you silly Shakespearean wanna be!
You Trump lovers will take a bath....who knows if the market will continue to slide short term but long term, this market will make a major correction because of in part these tax cuts and out current debt.
Published 7:49 AM ET Fri, 4 Aug 2017
https://www.cnbc.com/2017/08/04/gree...est-rates.html
"I have no time frame on the forecast," he said. "I have a chart which goes back to the 1800s and I can tell you that this particular period sticks out. But you have no way of knowing in advance when it will actually trigger."
One point he did make about timing is it likely will be quick and take the market by surprise.
"It looks stronger just before it isn't stronger," he said
Originally Posted by WTF
When the market starts tumbling as is now — especially when it’s down more than 10%—many people hit their pain threshold and start to sell they’re scared that this drop could turn into a death spiral. Aren’t they just being sensible and prudent? Actually, not so much. It turns out that fewer than one in five corrections escalate to the point where they become a bear market.
To put it another way, 80% of corrections don’t turn into bear markets.
If you panic (
(WTF)and move into cash during a correction, you may well be doing so right before the market rebounds. Once you understand that the vast majority of corrections aren’t that bad, it’s easier to keep calm and resist the temptation to hit the eject button at the first sign of turbulence.
On average, there’s been a market correction every year since 1900.
On average, there’s been a market correction every year since 1900. When I first heard this, I was floored. Just think about it: if you’re 50 years old today and have a life expectancy of 85, you can expect to live through another 35 corrections. To put it another way, you’ll experience the same number of corrections as birthdays. (Note: a correction is defined as a drop of at least 10% but not more than 20%. A bear market is a drop of more than 20%).
Why does this matter?
Because it shows you that corrections are just a routine part of owning stocks. Instead of living in fear of corrections, accept them as regular occurrences. And historically, the average correction was a 13.5% decline and lasted 54 days — less than two months.
Still, when you’re in the midst of a correction, you might find yourself becoming emotional and wanting to sell because you’re anxious to avert the possibility of more pain. You’re certainly not alone. These widespread emotions create a crisis mentality. But the vast majority of the time,
the sky is not falling. It is a simple “seasonal storm.”
maybe WhatThaFuckDoIKnow needs a comfort pet