Wise ! It is individual decision. This is exact replica of every Oct crash, settles bottom by Mar next year and takes 2 or more years to recover.
However, in this case, FED is linking another two rate hikes…and uncertainty over trade-war (Trump will not accept anything less than what he wants. China will not yield anything to Trump ) continues.
because it is obnoxious and annoying? And again, don’t assume you were “good”…maybe you were just lucky and the tide lifted all boats, including yours?
just be careful man, easy come, easy go. Some of us are probably a lot older than you and see ourselves in you 25 years ago…
Both are still clearly above the sub 2% numbers the US was posting before that. The stock market increased by how much while the US had <2% GDP growth quarter after quarter?
Key difference this time is that we are paying for meager growth with a trillion dollar federal budget deficit. Tax cut didn’t increase at all our long term growth prospect. It’s pretty much money down the toilet.
The FOMC raised the funds rate target range to 2¼% -2½%, as widely expected. The median dot in the Summary of Economic Projections now shows a 2-1 baseline for rate hikes in 2019-2020, compared to 3-1 in September, but the average dot declined significantly, a dovish surprise suggesting broad endorsement of the new baseline. Changes to the post-meeting statement were generally dovish as well. While the growth characterization was more upbeat than we had expected, the policy guidance was a bit more dovish than we had expected.
Trillion dollar federal budget deficit? Even NBC isn’t coming up with anything like that. And they admit revenues actually rose for 2018 so the effect of the tax cuts on the deficit was negligible. Taking out set-asides for all that crumbling infrastructure the last administration never fixed with IT’S trillion-plus dollar deficits and one-time costs for disaster relief we’re not even at half a trillion.