I'm saying it right here right now Equities to drop by 50% or more from record highs the next 4 years.... The deepest and longest recession has begun!!
I am saying these right now. Make sure you press the BUY and SELL buttons in the correct sequence. Make sure you earn a few million dollars in these 4 years. Make sure you focus on trading, and let the politicians focus on economy, security, recession .... And make sure you thank President Trump for the trading opportunities. ________________
Had someone just come to me today and say guess how much my retirement dropped in 1 day. ....they lost $30,000!!!! Now multiply this my millions of people ..... People aren't going to feel good about seeing their gains evaporate which will lead to a huge slow down in consumer spending ....we will see gdp drop below 0 in the next 18 to 24 months and a housing market crash. No one is going to be spending when they are seeing their hard earned savings collapsing
Just to refresh your mind....the millions of people holding onto retirement accounts DO NOT TRADE ...
My goodness! You don't have a great circle of friends. Time for you to change your circle of friends and make sure you include traders in your circle of friends.
50% or more is a bit extreme. All market corrections recessions are the same throughout history... it dips maybe stagnates... then back to climbing up after corrective measures. Don't get excited and show emotion. This isn't the end of society. Well maybe for some, while others get rich and powerful. Opportunities galore, gorillas in the mist waiting while things are being shaken up. New things and structure and change tend to be born and arise from turmoil and events
You don't think the dow could trade back down to 20k or the S&p to 3000??? A deep multi year recession and a collapse in earnings can easily take the spy to 3000!!!