Nice try..you came here to spike the ball regarding stock market..I'm just reminding you there was another prediction which had a far more serious consequence for the rest of the population...far larger impact than the stock market.
I was all excited to be up 50% this year. That's massive. Might be a record. Thought 2009 or so post crash might have been better. Anyway Was.
Then I realized that i lost 20% last year. But up 50 now right? Huge net gain?
Let's do the math. Say you have $100 and lose 20%. You now have $80. Next year you make a whopping 50%. You're now at $120. Basically you made 10% a year. Nice number but nothing to be jumping up and down about.
It was sad when I realized that lol
Market dips and crashes are like losing to ucla. The pain of the loss is far greater than the joy of the win.
Depends what index we are looking at. Market is a reflection of present and future economic expectations. For companies of course.
Lets pick s & p 500. Hit its all time high in 2021. Largely imo a reflection of whatever policies were in place in 2020. Also a major after effect of $2-3 trillion pumped into an economy. Up 26%
22. Down 20%. 23 up 23%.
In 2022 at one point it hit 4796 and then crashed all the way down to 3577. From all time high to lowest since 19. That's a lot for a president to preside over and be responsible for a year or two into his term.
So Trump was right. It did crash pretty hard. Though the irony is that he was claiming it would be Biden's fault. I would argue it had more to do with Congress. Likeyly pushed by Dems. Dumping trillions on an economy.
Trump was in my opinion a bystander to the whole thing. Neither responsible or to blame. Kinda feel rhat way about his association with Covid too.
And we're still paying $2 more per gallon of gas.
I was all excited to be up 50% this year. That's massive. Might be a record. Thought 2009 or so post crash might have been better. Anyway Was.
Then I realized that i lost 20% last year. But up 50 now right? Huge net gain?
Let's do the math. Say you have $100 and lose 20%. You now have $80. Next year you make a whopping 50%. You're now at $120. Basically you made 10% a year. Nice number but nothing to be jumping up and down about.
It was sad when I realized that lol
Market dips and crashes are like losing to ucla. The pain of the loss is far greater than the joy of the win.