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WOW STOCK MARKET , THANKS PRESIDENT TRUMP!!!!
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<blockquote data-quote="Method Mensch" data-source="post: 4594866" data-attributes="member: 71846"><p>That is a pretty picture. I appreciate the artistic embellishment ( and also appreciate the valuable point you're making). As one of the fortunate minority of Americans who, God willing, will retire comfortably if the market just does as well in future as it has done in the past, your rendering is a wet dream. Unfortunately, the reality is that the market is currently littered with zombie companies propped up with helicopter money from the Fed and the Treasury. Banks are counting the multitude of loans in forbearance as "active", thus, not writing them down and effecting their stock prices. Commercial landlords are going bankrupt left and right. 2/3rds of the economy is consumers spending their money and we're looking at somewhere between 20% and 30% unemployment numbers. New automobile sales numbers down 30% . The formerly "hot" real estate markets are getting clobbered. </p><p></p><p>I'll never bet against United States economy in the long run. That being said, for the principles of the stock market as they have been since the early 1900s to be maintained, we'll see some pain before we return to the long term gains the market will no doubt return to. But hey, what do I know? That's my 2 cents'. Take it for what it's worth.</p></blockquote><p></p>
[QUOTE="Method Mensch, post: 4594866, member: 71846"] That is a pretty picture. I appreciate the artistic embellishment ( and also appreciate the valuable point you're making). As one of the fortunate minority of Americans who, God willing, will retire comfortably if the market just does as well in future as it has done in the past, your rendering is a wet dream. Unfortunately, the reality is that the market is currently littered with zombie companies propped up with helicopter money from the Fed and the Treasury. Banks are counting the multitude of loans in forbearance as "active", thus, not writing them down and effecting their stock prices. Commercial landlords are going bankrupt left and right. 2/3rds of the economy is consumers spending their money and we're looking at somewhere between 20% and 30% unemployment numbers. New automobile sales numbers down 30% . The formerly "hot" real estate markets are getting clobbered. I'll never bet against United States economy in the long run. That being said, for the principles of the stock market as they have been since the early 1900s to be maintained, we'll see some pain before we return to the long term gains the market will no doubt return to. But hey, what do I know? That's my 2 cents'. Take it for what it's worth. [/QUOTE]
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