As the title suggested. Please share your opinion.
5 replies (most recent on top)
No voter remorse here. He is setting us up for success long term. Anyone complaining about it is not someone whose opinion I value. If you can’t handle drawdowns in the stock market, then you should not own stocks. It’s OK if you can’t handle it. It’s not for everyone. If you don’t understand what is happening, or aren’t willing to make a short term sacrifice for long term prosperity, then that is your problem. People like you with your head in the sand who just want to live in the moment, are the same type of people who got us in this situation to begin with. Smart people look at this as a buying opportunity.
As much as everyone says "ride it out", I am SO GLAD I listened to my inner voice and moved about $75K worth of Citi Stock to the stable value fund in the 401 a week ago.
Nothing major will happen. Right now, everything is a knee-je-k reaction because most are taking the media's take and spreading the fear. The USA is too big a market to drop for Tariffs, and those who will not be able to compete against local companies probably are going to find a way to produce locally. Local banks should benefit at the end.
Congress should step in soon enough. They've already stepped in for Can and MX to stop tariffs there. Everyone knows it's a wrecking ball to the global economy. Hopefully Congress can act quickly enough to mitigate some of the damage. Congress should never have been circumvented on taxes and tariffs in the first place. This clown in chief is a id--t and everyone on the planet knows it. No one on earth wants these tariffs - except those that scheme to control masses. Hopefully we can fix these things before too much damage is done. As far as what regions will be impacted the most, it's a moot point. We are in a global economy. The whole world will be impacted. Those lower on the pay scale will feel the brunt of it first. Any Trumpers having voter's remorse now? This is only the tip of the iceberg.
Stock markets including C stock is reacting to tariff news and possibility of recession due tariffs and reciprocal tariffs. C Stock lost roughly 20% between yesterday and today.