what are your thoughts?

[GregV814]

well, the stock market is faltering. do you believe this action is because of tariffs? maybe a huge sell off? oh, TRUMP haters? is it real?
any stockbroker/ money advisor will advise "staying the course, this is just a blip on the map, over the course of time, the market has hit highs and lows"... you've heard that....
is it fear? maybe in their overzealous lunacy, the "big boys" Gates, Soros etc. had this planned.... are they creating a wave of panic? what about the Chinese, the E.U., the Russians?

frankly I am not sure. currently, my azz is being kicked and whatever it is, I hope to re-coup.

 

[TPD]

I just posted my thoughts in the other thread:

Stock Futures

Stock is going down like a Led Zepplin but I have faith it will come back strong!

forums.somd.com

 

[SamSpade]

Trump said so himself - the market will take a hit. He's taking a big gamble but believes it will pay off - he will return investment to America - he will find means to increase production, lower taxes, make it profitable for people to build things HERE ---

BUT - markets like CERTAINTY. They're fickle when it comes to uncertainty. A weak jobs report sends them into a free fall - for ONE DAY.

On the other hand - an actual recession is a systemic problem. This is a hiccup.

At least, that's what I am betting on with my finances. No, I don't believe he will cancel income taxes - but I think in the long run the nation will be more prosperous.

 

[vraiblonde]

Since I have no real control over it, I've decided not to worry. I think Trump's on the right track and I knew it would be shaky for awhile. It's the mess while you're remodeling your house, but when it's done you'll have a great new home.

 

[Sneakers]

And this is why you (generic, not specific) need to have a decent reserve stuffed away so that if there is a huge downturn, you won't be left hanging. What's the current recommendation... 6 months reserve? I'm sure very few have that put away considering the Biden years.

While you're working, we recommend you set aside at least $1,000 for emergencies to start and then build up to an amount that can cover three to six months of expenses. When you've retired, consider a cash reserve that might help cover one to two years of spending needs.

 

[SamSpade]

How many of the most outlandish ideas and - “promises” - do you think WILL happen?

Will they really end taxes on tips? On Social Security? On everyone making less than 150k? Or - altogether?

What’s this crazy idea about some 150 trillion floating out there?

 

[Sneakers]

How many of the most outlandish ideas and - “promises” - do you think WILL happen?

I think the Trump administration will ATTEMPT to implement everything they promised. Whether or not it all gets past the rest of the governing bodies is not clear.

 

[BOP]

And this is why you (generic, not specific) need to have a decent reserve stuffed away so that if there is a huge downturn, you won't be left hanging. What's the current recommendation... 6 months reserve? I'm sure very few have that put away considering the Biden years.

 

[BOP]

How many of the most outlandish ideas and - “promises” - do you think WILL happen?

Will they really end taxes on tips? On Social Security? On everyone making less than 150k? Or - altogether?

What’s this crazy idea about some 150 trillion floating out there?

At this point, who knows? I'm with Vrai on this; there's zero I can do about anything, so I'll keep on keepin' on.

 

[vraiblonde]

How many of the most outlandish ideas and - “promises” - do you think WILL happen?

Will they really end taxes on tips? On Social Security? On everyone making less than 150k? Or - altogether?

What’s this crazy idea about some 150 trillion floating out there?

He already signed the EO on tips, not sure about SS. With the Dembots and their corrupt judges doing everything they can to obstruct, not sure how it will play out. It's imperative that he doesn't lose the House and Senate in the midterms. The way the Democrats have behaved and their incredibly low approval numbers one would think they'd take a major ass whipping, but voters are bipolar and you can't count on them to be sensible.

 

[Gilligan]

??? DJIA is down a whopping 1.6% compared to a year ago and still up over 60% over last 5 years.

 

[stgislander]

Mark Levin's monologue Saturday night was enlightening regarding taxes and monetary policy. Stuff people on the right have heard before, but good to hear again. I wonder if there is the book "Milton Friedman for Dummies."