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<blockquote data-quote="Up In Smoke" data-source="post: 4749862" data-attributes="member: 79702"><p>If all you ever do is take long positions and try to time the market as when to buy more, your only investing in 1/3 of the market. The Dow is where it is because of tax cuts, stimulus and the promise of more stimulus. The government has pumped 9ish trillion dollars into the market (economy) over the last 3 years. Debt has gone from 80% of GDP to 130% over the same time. The Fed has been rendered useless and the dollar has been hollowed out. If this administration continues to spend, spend and spend the market will do fine (5%-10%) swings. If this administration decides to be fiscally more responsible than the last, of course, higher taxes and lower profits will result. You can only put everything on a credit card for so long before you have to pay the bill. People like to say we had the greatest economy before the virus, but look at how we got here, We had sub 3% growth to GDP while added trillions to our debt. smh</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 4749862, member: 79702"] If all you ever do is take long positions and try to time the market as when to buy more, your only investing in 1/3 of the market. The Dow is where it is because of tax cuts, stimulus and the promise of more stimulus. The government has pumped 9ish trillion dollars into the market (economy) over the last 3 years. Debt has gone from 80% of GDP to 130% over the same time. The Fed has been rendered useless and the dollar has been hollowed out. If this administration continues to spend, spend and spend the market will do fine (5%-10%) swings. If this administration decides to be fiscally more responsible than the last, of course, higher taxes and lower profits will result. You can only put everything on a credit card for so long before you have to pay the bill. People like to say we had the greatest economy before the virus, but look at how we got here, We had sub 3% growth to GDP while added trillions to our debt. smh [/QUOTE]
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