Originally Posted by
Grumble
You sound like an FO I flew with recently. His TDS was so heavy, thinking the world would end, he liquidated his entire 401k (PRAP) during both of Trumps terms, and blames Trump for ruining his retirement plans after missing two historic runs. YCMTSU
Everything you’re saying, people said about the Biden economy too. It didn’t go up but it also didn’t crash the way everyone predicted.
But hey, on a long enough timeline everyone is right at some point, even the Bears. Betting against the US economy in the long run has always been a losing proposition however.
I'm not sure why you think any of this is political. That fo sounds emotional. Why would the Biden economy do well? Who is saying this garbage?
"it's the economy stupid"
If you understood what I said I've been ultra long since the gfc and retired before I turned 36. I'm saying it's gonna crash next year at a much higher level and y'all are gonna be buying every payday 🚀
Only time I've been short is prior to covid and the draw downs as liquidity dried up. Not supposed to be short liquidity in a 44 year bull market. Older than me.
The stock market is not the economy and the president doesn't control the monetary system. Neither does the fed... Which is exactly why people are gonna get crushed. It's global and opaque as hell. We're in a liquidity crisis. Gonna pop next year.
Technically trump has made been president for most of these paper gains. Powell did the rest. Now they're crushing the bubbles to crush China.
If that ruins people's retirement than they aren't paying attention to the world.
Sorry for the confusion