Originally Posted by
IHateYou
There is nothing wrong with the economy at all right now. The country is so politically charged the liberal
Media is trying its damndest to manufacture a recession/depression for the 2020 election. The market is reacting to that. They are now trying to sell you the idea that low oil prices are bad for the economy! GMAFB. Most companies, including the big oil companies, are doing just fine!! All you have to do is look at the fundamentals of companies to know what’s really going on. Turn off the news. It’s garbage.
Airlines especially will do awesome with these low oil prices. Now is the time to buy buy buy when everyone else is panicking.
You’re going to be ok! Load factors are high. Oil is low. People are flying everywhere. Barring any out of left field terrorist stunt or something extreme, everything will keep trucking along.
Don’t live outside your means. If you’re single stay single. Do not get married and have kids. That’s the most costly thing you could ever do. If you’re married and have kids, try to stay married as a divorce and child support will set you back to the Stone Age. Save at least 10% of your income.
Be smart and you’ll be ok.
I Hate to agree, but I couldn't have said it better. The market drop is not based on fundamentals but rather "trend following" and as such it's just like the "Flash Crash" but in slow mo'. Now if somehow the "trend followers" get enough folks to believe their story then maybe I'll change my opinion, but for now I see another year of good times at the least.