Quote:
Originally Posted by Got Stripers
We keep on "winning" don't we, another banner day in the market, more fear over trade war and the economy starting to show signs of slowing.
The rich and corporate upper echelon certainly had a good year to date, but I'd be surprised if the poor younger middle class working stiffs more heavily invested in the market then I am are doing all that well.
Then you have the poor factory workers in those GM plants slated to close, its a double whammy for them this year, but hey Trump is keeping those coal plants cranking so there will be something to put in their stockings.
|
Stocks did not reflect the actual market when their prices skyrocketed during stagnant market conditions. The rich were investing in stocks rather than in a weak business market. As the market improved and money started to be diverted from stock investment into business growth rather than into inflated stocks, and inflated stocks were sold off for profit, stock prices began to fall, as predicted, and are probably coming into a closer relationship to the market. Stock prices will probably continue to fall. But if they reach a more realistic index, it will make them a more reliable source for retirement portfolios.
Trade negotiations with China require the will to suffer temporary market jitters. If we cave due to fear of market failure, then China won't need to make concessions, so will continue to do what it has been doing. If we stay the course, they will have to blink or suffer worse political upheavals than we would, and our market will stabilize and rebound if we don't overreact and make unnecessary regulatory or tax interventions.
As of now, our market is still strong. There will always be bits of bad news for some. The automobile sector is being cajoled, if not forced, into re-gearing, as GM is doing, for electric car production. If you're concerned about global warming due to burning fossil fuels, then you should welcome the changes the auto companies are making even while we regret the unfortunate temporary hardships for some that will follow.
But an overall strong and growing economy, if we stay the course, will provide more opportunities for unemployed workers.