General Discussion
In reply to the discussion: Anyone fortunate enough to be fretting about their 401k? [View all]Johnny2X2X
(24,320 posts)We've had a bull market for almost a decade, it's unprecedented. I agree it will go down.
My money is not subject to my political leanings, the corporate tax cuts are an absolute massive boost to the value of corporations. Massive tax liabilities removed means the company is worth more, period. Corporate tax cuts were honestly needed, but they also needed to eliminate more loopholes. Middle class tax cuts were needed too. Tax cuts for the lower middle class needed to be bigger. Tax cuts for the rich weren't needed at all and blow a hole in the budget, and that's what will ultimately lead to bad things for the economy. The Reps will cut programs and spending as a result and it will spell doom for the economy. But this could all be years away. Make the money in the market while you can.
I laughed at the Righties pulling their money out when Obama took office, they missed out on the best bull run in history. I laugh at the Liberals pulling their money out now, this market is not close to its peak.