REmember in the old days when the economy and the stock market were related?
The stock market’s huge rally to start 2020 means it will take the average worker a record 114 hours to buy one unit of the S&P 500 now at all-time high
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And this headline puts this in a negative light WHY???
I just re-allocated my retirement portfolio to be less aggressive in the coming year. The last three years have been pretty incredible (30% growth last year alone) so I'm pulling back a bit and locking in some of my gains.
Nobody really knows though. Maybe we have another 30% year.
I hope I don't end up regretting it but I already have enough to retire on so want to protect what I have as much as I can.
The Left can't deal with markets on fire under Trump, so they have to come up with absurd twists on reality, to try and make it all look evil.
I've given up on simply calling these people demoncRats, Leftists, Socialists, or Communists.
They're simply anarchists. They see anything good, and instantly fixate on it and want to destroy it.
Honestly, it's time to recognize them for who they are ENEMIES OF OUR NATION, arrest, prosecute, convict them and put them in prison until the next millennium.
The capital worth of stocks in the United States, has grown over $10 trillion dollars since Trump was elected. I suspect it may be as high as four times that much altogether.
The anarchists can't grasp what that means in real terms.
To them it has to be evil. So White rich guy got richer.
The fact is, everyone did. Sure there are exceptions, but with capital businesses expand, invest, hire, implement new goals, produce. It's actually magical, but the anarchists see only a nightmare.
Truth be told, other nations around the world stand in awe of us.
There's no other nation our enemies want to destroy as much as they to destroy the U. S., and our anarchists stand with them. Their policies harm their people, and usually wind up killing tens of millions of them.
The other nations who want to emulate us, do things that will help their own people. Not only do their people not die, they live better lives than they did before.
Without the U. S., this old world would fall in on itself.
Those that fight us, are really killing themselves and their own future interests.
Of course this is all nonsense and probably not true. Time will tell.
Put away in the best possible fixed income investments 100% of just the 2019 net gains, get more conservative on a larger segment of the portfolio than you did last year and take some bigger risks on a smaller segment, standing pat on the best of the rest. The more conservative and greater risk questions does not exclude the use of index funds with either one.
Personally my recession expectations are for any time from now through 2021, but expecting it sooner rather than later if a Dim wins in November, and slightly sooner rather than later if the Dims hold the house. Beyond the election it is global macro economic, debt & financial figures that suggest current GDP growth with low inflation is not sustainable beyond next 18-20 months. Then a new recession, of ???? magnitude and it is that magnitude that the elections could affect.
Just my own “crystal ball”.
Hmm. Was this supposed to be a criticism?
"Times are rough. An average worker can't afford an S&P unit anymore".
As if the number of shares one buys regardless of price, actually means something.
Literally no one cares what the professional hysterics are whining about today.
54% of workers have either pension or 401 k plans that are setting record growth raters.
THIS is what pisses of the professional whiners. They fact that more US Citizen then ever before have been liberated from the corrupt grasp of the US Democrat Fascists Party.
Jonathan Clements, former WSJ writer, has a great blog Humble Dollar. It may be time to listen to some advice.
https://humbledollar.com/2017/10/enough-already/
I do not shill for him!
“...the S&P 500’s recent gains have taken it to its priciest level relative to its hourly cost for the average worker on record.”
I have been an investor since 1980. One who closely tracks the markets and it’s various metrics such as P/E (price to earnings) and EBITDA — earnings before interest, taxes, depreciation, and amortization, etc. Never have I heard the metric as described above regarding the S&P 500 levels relative to average workers salary. It is simply an attempt to somehow minimize the torrid economy this President has brought to us and create a sense envy and anger among those unwilling or unable to take part in this markets success.
US yield curve signals optimism for 2020
https://www.bizjournals.com/atlanta/news/2019/12/31/us-yield-curve-signals-optimism-for-2020.html
Colby Smith in New York – Financial Times Dec 31, 2019,
A US bond market indicator which signalled earlier this year that a recession could be imminent is closing 2019 at its most optimistic in more than a year, suggesting that the Federal Reserve has successfully steered the economy through a global growth scare. end quote.
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The market and yield curve dipped due to the Fed’s Jerome thinking aloud (or not thinking). There was no technical reason for either. So now the Financial Times writer gives the credit to the Fed rather than the American consumer or investor, or Trump.
< The FED has successfully steered the economy > Fake new.
Ever notice how when the dollar collapses they repackage it as a “record high equity and real estate market” and declare victory? :)
What horrible news. If stocks were cheaper, people could buy more of them.
The stock market has gone up about 7% a year over the last 48 years. The median income has gone up about 4%. Of course the unit price has gone up.