General Discussion
In reply to the discussion: Are you rooting for a stock market collapse over #Coronavirus just to hurt Pres @realDonaldTrump? [View all]progree
(10,904 posts)is strong like it was for the past 3 years (the S&P 500 is up more than 30% since the last close before inauguration day, and more like 35% up when dividends are included), and with continuing decent-to-good job reports. I really don't. I think the ONLY way he is going to lose is if those numbers go south before the election.
Look kiddos, the stock market is inevitably going to go into a bear market in the next few years at most anyway -- just look at any graph of the Dow or S&P 500. If anyone is an idiot enough to think "things are different, we know how to control these things now", then they need to see their doctor.
If we're going to get a bear market or a crash, the best time for it is soon, not after November.
Otherwise we're going to have Trump for 4 more years to finish what he's started and 2 more of his Supreme Court picks and continuing attempts at dismantling healthcare which already amounts to a Great American Genocide (a big increase in the number of uninsured, and no, emergency rooms do not provide comprehensive medical care, they just stabilize you and then give you recommendations for doctors and specialists to see that the uninsured can't afford to see, and a fistful of prescriptions that the uninsured can't afford to fill (and lots of insured people too with astronomical deductibles and copays).
And look at his response to Coronavirus so far.
And that psychopath can launch nuclear weapons at any time.
And with a good stock market and economy (at least according to the official numbers), that will help get more Republican congresspeople and state legislators elected too than otherwise.
Four more years of Trump will do a hell of a lot more harm to the economy in the medium and long-term and Americans than a pullback in the stock market through November. Far more. Far far more.
I have most of my nest egg in equities, and I'm old and long retired, so I'm not happy either watching the balance go down down down. But if it gets the psychopathic nuclear-button-enabled shit maggot out of office, it is absolutely, completely, and totally worth it.
And the stock market always recovers and goes on to set new all-time highs. It always has. It has never, ever, set a new all-time low. Never.
People don't lose in a market downturn unless they panic and sell. If you hold on, it's a temporary paper loss.
The choice: a temporary paper loss before November, or having the psychopathic nuclear-button-enabled shit maggot for 4 more years?
And as I said, the stock market is due for a crash anyway, whether now or in a few years, (again look at some graphs of the S&P 500 or Dow), so those who explode into tears about now wanting to see their IRAs go down big -- do you really think that's not going to happen in the next few years? It's inevitable. (And it will recover if you hold on). I just prefer it happen before November.