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US Correction
Comments
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dividendhero wrote: »Trumpski's been borrowing money like it's going out of fashion, the US federal deficit is ballooning. Unlike with his dodgy business ventures he can't walk away from these debts simply by declaring himself both bankrupt and incredibly smart
But at least we will be able to believe 50% of what he says. That will make a pleasant change.0 -
dividendhero wrote: »Trumpski's been borrowing money like it's going out of fashion, the US federal deficit is ballooning.
Name a recent US president who hasn't.0 -
Thrugelmir wrote: »Name a recent US president who hasn't.
however, what's happening to the deficit is not a good measure of whether a US president has a good economic policy. you also have to ask why it's happening. in trump's case, big tax cuts (corporate and personal) for the rich. which is probably helping US share prices in the short term, but may not in the longer term. (and, incidentally, is a dreadful policy, whether or not it helps shares prices.)
EDIT to add: ... but to try to answer the original question: IMHO, if in doubt, just rebalance back to the allocations you had at the start of the year. unless there's something clearly wrong (or no longer appropriate) about them. in investing, i take the view that, the fewer decisions i make, the fewer mistakes i will probably make. so if i can take the minimum action, according to the plan i've previously decided on, i do that.0 -
Needs to recover from here or its looking like a crash. Not that most believe in charts but past events show indicators turning up if its just a correction. I posted this chart last week in another thread from October 17th. You can clearly see momentum rolling over.
https://pbs.twimg.com/media/DpvF774VAAAZaog.jpg
This weekend those same indicators are on the 50 mark which is make or break. Look at RSI and slow STOC.
https://rambus1.com/wp-content/uploads/2018/12/spx-new.png
Article from November suggested fund managers were overweight in the US and since then they have been withdrawing funds.
http://fat-pitch.blogspot.com/2018/11/fund-managers-current-asset-allocation.html
A 40 year study..
https://insight.factset.com/a-historical-perspective-of-market-corrections?0 -
Markets staged a miraculous comeback Wednesday following stocks' worst-ever Christmas Eve. The Dow posted biggest daily point gain ever.
The Dow rose 1,086 points, gaining 5%. The S&P 500 soared 5%, and the Nasdaq was up about 5.2%, pulling out bear market territory.0 -
plunge protection team earning their christmas bonus.
Still going to fall.0 -
Markets staged a miraculous comeback Wednesday following stocks' worst-ever Christmas Eve. The Dow posted biggest daily point gain ever.
The Dow rose 1,086 points, gaining 5%. The S&P 500 soared 5%, and the Nasdaq was up about 5.2%, pulling out bear market territory.
What's the betting 'Trump' will be claiming the credit tomorrow!0 -
1/100 :rotfl:0
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I am pleased as my fund switch transaction to slightly increase my equities exposure completed at the end of Christmas Eve so I will be up already :-) It's a small victory.0
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