"As investors start to manipulate the economy to get Trump elected"
this post was submitted on 01 Aug 2024
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I will continue to move on with this having very little effect on my life.
I doubt many squids have 401ks, so this tracks. As you were.
It's more that what happens to the Dow day-to-day or even week-to-week is not really relevant to most people, even the ones with 401(k)s since it's about what happens in the long term when you're worried about retirement.
So a single day major point drop? It's really not a big deal to anyone but the investor class.
Now if this is the start of a long-term trend, that's another issue. But we can't possibly know that yet.
Even if it is, the market eventually recovers. Just keep holding what you’ve got and pretending the market doesn’t exist.
And if it doesn't recover, we've all got much bigger problems.
If it happens again, the government will bail out several companies and in some more serious cases they will end up under state guardianship. However, politics will be turbulent in that scenario.
in some more serious cases they will end up under state guardianship.
Unfortunately, I feel this is unlikely without significant political change.
Tiz why long-term investing is where it is at. Buy an index fund and sit on it for two, three, four decades. A 5% loss a single day 15 years ago means nothing.
But the media/people doing the trading and own the media don't get 15 year bonuses, they get quarterly bonuses, so this is utterly catastrophic!
For them, and frankly fuck them.
I agree! Security is what the stock market should be about, not risk-reward.
Never invest more than you can afford to lose.
Owners rattling boomers' cages lol
The stock market has been surging at the drop of any rumor or data point that would indicate the fed will drop interest rates for two years.
Suddenly economic data pops up that might indicate conditions for an interest rate drop are forming and the market shits itself?
IMO the market got fat over the summer. Now that the institutional investors are getting back from vacation season they are profit taking ahead of the EOQ.
Gotta keep the election horse race close for maximum distraction.
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