highnote |
03-01-2017 02:28 PM |
Quote:
Originally Posted by Parkview_Pirate
(Post 2128574)
Well, I'd give you an eagle for the direction and numbers, but even you must admit the prediction of Hillary winning the election being good for the market was - well, not so accurate. That's assuming of course that Trump winning the election would be bad for the market.
Which begs the question, did the election results really affect the market anyway?
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The FED did a lot of money printing from 2009 onwards. Their biggest fear was deflation and another great depression.
It usually takes about 18 months after money printing for the effects of all that extra money to be felt in the economy.
The FED just kept printing. I think it took longer than they expected to get the economy rolling again. But consider all the fear in the world back in 2009 it is not surprising it took so long.
So by July of 2016 the market was finding its feet and feeling confident. With Hillary being viewed as the likely next president that added to a sense of stability.
Trump being elected has not hurt the economy. But it's important to note that we have had a 10 or 11 percent increase in the market since last July. We could go a lot higher, but it would not be typical. I'm looking for about 4 percent more. That will bring us to May.
Sell in May and stay away.
Of course, if things look good in May then I'll stay in the market.
It's hard to say what will happen 2 months from now given the big runup. Will it continue higher right through May and all through the summer?
Hell if I know.
Right now the trend is up and the trend is your friend -- until it stabs you in the back. :D
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