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Awsi Dooger

(14,565 posts)
3. No, because I am heavily invested
Fri Aug 3, 2018, 05:31 PM
Aug 2018

I switched my sports betting winnings to stocks in 2009 to go along with long held Apple stock. It is the basis of my existence right now so I tune the television to Bloomberg before I go to sleep so the market bottom line will be the first thing I see when I wake.

Right now my pool needs refinishing and some repair so I am deciding what shares to sell, and when, to finance that.

A few months ago here there was a near-daily thread touting the stock market free fall, in near euphoria. I warned then that it was a losing proposition. Trump inherited a very strong economy from Obama and then the corporate tax cuts will provide a short term artificial boost to the market, while the damage is camouflaged and will surface later.

A plunging market would help in 2020, when we are going to have a very difficult time ousting a presidential incumbent. I don't mind rooting for a downturn at that point, even if it will be against my economic self interests. Right now I am rooting for upward and upward. We still haven't quite returned to the S&P peak of very early this year, but as of today's close I think we are within about 2%.

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