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Old 03-24-2017, 07:17 AM   #4
Ian
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Join Date: Jul 2012
Location: Glastonbury, CT
Posts: 2,287
Quote:
Originally Posted by Jim in CT View Post
The day after the election, Paul Krugman (a Nobel Prize winning, and therefore Marxist, economist) said the US financial markets would never recover form a Trump presidency. Much speculation, no one can know for sure.

Interest rates have nowhere to go but up.

Many feel the stock market is unjustifiably high and ripe for a correction (that goes back to the Obama era)

Many feel there that federal and state levels of unfunded debt are going to trigger the next recession.

Countering that, are many business leaders, who are confident that we have an administration, and a Congress, that are much friendlier to business than any in recent memory. That may, MAY, instill large companies with the confidence to invest in growth.

Also, Trump has promised (who the hell knows if he will keep said promise) to modify trade relations in our favor.

Many, many unknowns. Me personally, I am betting on the market to rise, but I have strict stop-loss protections to get out early if/when things head south.
So if things go wrong, it's obamas fault... I like this game, it's fun
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