Dow down 3,000 points in the last week

[StateThrowdown]

I bet you felt really smart from the rise from 16,000 to 29,000 the past several years too huh?

Exactly. I was ready to invest some money in 2016 when Trump got elected and my thought process was "the market hates volatility, and nothing is more volatile than Donald Trump. I'll wait until the market inevitably tanks and invest then."

Hindsight is 20/20, and can also be a cruel *****.

 

[cyclone101]

Exactly. I was ready to invest some money in 2016 when Trump got elected and my thought process was "the market hates volatility, and nothing is more volatile than Donald Trump. I'll wait until the market inevitably tanks and invest then."

Hindsight is 20/20, and can also be a cruel *****.

Time in the market > Timing the market
Pretty much always.

 

[Gunnerclone]

Exactly. I was ready to invest some money in 2016 when Trump got elected and my thought process was "the market hates volatility, and nothing is more volatile than Donald Trump. I'll wait until the market inevitably tanks and invest then."

Hindsight is 20/20, and can also be a cruel *****.

You’re right to a point. The markets don’t like unpredictability, but would could have been more predictable with both houses and the White House controlled by Republicans? Tax cuts for corporations and the wealthy, and de regulation.

 

[StateThrowdown]

You’re right to a point. The markets don’t like unpredictability, but would could have been more predictable with both houses and the White House controlled by Republicans? Tax cuts for corporations and the wealthy, and de regulation.

Good point. Wish I would have thought about that four years ago.

 

[CascadeClone]

Exactly. I was ready to invest some money in 2016 when Trump got elected and my thought process was "the market hates volatility, and nothing is more volatile than Donald Trump. I'll wait until the market inevitably tanks and invest then."

IIRC there was a study that showed markets did less well the year OF a presidential election, and then better the year AFTER the election, regardless of which party won. The idea was the reduced uncertainty was more important than the party or any potential policy effects.

 

[Gunnerclone]

Can we lose 1000 two days in a row from the DOW? Stay tuned!

 

[Cyched]

Have my monthly Roth contribution scheduled for today. Looks like I’m getting more bang for the buck. Wheee

 

[Brandon]

Can we lose 1000 two days in a row from the DOW? Stay tuned!

It will happen

 

[alarson]

IIRC there was a study that showed markets did less well the year OF a presidential election, and then better the year AFTER the election, regardless of which party won. The idea was the reduced uncertainty was more important than the party or any potential policy effects.

Which is a good chunk of Trump's 'gains'. The market restoring itself to where it would have been had it simply stayed on the same trajectory it had been on since 2009, without the dip in growth we saw in 2016

 

[brianhos]

Washed away an entire years gains now.

 

[Colorado]

Have my monthly Roth contribution scheduled for today. Looks like I’m getting more bang for the buck. Wheee

I said the same thing. I work for an asset manager and we are getting more emails about the COVID-19 virus than we are about the market correction

 

[CascadeClone]

Which is a good chunk of Trump's 'gains'. The market restoring itself to where it would have been had it simply stayed on the same trajectory it had been on since 2009, without the dip in growth we saw in 2016

Presidents and the economy are like QBs in football. They get most of the credit/blame, much more than they actually impact. Just too many other independent variables.

Of course, every president will claim all the good news, and blame anything bad on the previous guy. That's one thing both parties can agree on lol.

 

[HFCS]

You’re right to a point. The markets don’t like unpredictability, but would could have been more predictable with both houses and the White House controlled by Republicans? Tax cuts for corporations and the wealthy, and de regulation.

And rampant deregulation leads to...

 

[ArgentCy]

And rampant deregulation leads to...

Prosperity and caves.

 

[Rural]

And rampant deregulation leads to...

Tons more crooks and bad health outcomes for the populous?

 

[bos]

Give it a rest already.