And Morgan Stanley would know, because they and all their assets have been bankrupted and bailed out by the taxpayer a bunch of times!
Bkmrk
The real question: Will Trumps tax cuts benefit a President Biden? Reagan’s cuts in 81’ benefitted Clinton 12-20 years later. Clinton gets the credit. Clintonomics-I loved them.
Morgan Stanley is trying to convince the suckers to stay in the market.
Wall Street is totally disconnected from Main Street. It couldn't give a single crap less about things like massive unemployment and ACTUAL earnings... only government infusion. If we all fkn starve or live under communism or bankrupt our treasury... that's fine. As long as the multi-nationals and banks are good who GAF if every mom and pop in America goes under?
America is exploding/imploding around us and the markets are in record territory. What does that tell us?
I have a pretty good blend of stocks, cash, and dividend earning securities.
For 12 months, including the deep V I am still getting 13% or so. I have not put any additional $ in as I am on the sidelines until after YE (probably cost me $200k or so but sitting on cash helps me sleep).
Last month’s IRA gain was around 10%. Unbelievable for just a single month. But then again it could backslide 20% next month, and I expect it to when the election turmoil is factored in.
Big business loves the lock downs. No competition from the little people. Is it a wonder that Wall Street donates heavily to democrats?
If God forbid Biden gets in, you might as well put your money in Nigerian currency.
Sharp rise in the price of oil, drove prices up across the board. Higher taxes, draconian regulation, stagnant economy, markets trading sideways for years.
I sold everything and put in cash, locking in fantastic Trump driven market gains. We will see how things go when Harris sets up her administration.
There is nowhere else to put money. Savings accounts earn next to nothing. Real estate is going where I am. People are moving away. Live somewhere where it is cheap and telecommute. A mandatory work at home except if you are in a critical infrastructure takes affect within hours.
bookmark