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In reply to the discussion: Opinions on 401K [View all]

unblock

(56,101 posts)
3. There's the economy and then there's the stock market
Wed Nov 6, 2024, 10:52 AM
Nov 2024

Yes, they are generally correlated, but there are times when they aren't.

I don't expect the economy to tank any time soon; Donnie will have to actually be in office and do damage or mishandle a challenge before that happens.

But I do expect him and other republicans to advance proposals to save big corporations tons. Hell, they might propose to abolish the corporate tax altogether.

That would be bad for the economy in the long run, but great for corporate profits and stock prices in the short run.

Jmho, but I'm hanging on to my meager investments for the time being. Considering shifting towards bigger companies, as they are usually the biggest beneficiaries of fascism. Until it all falls apart, of course....

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1 members have recommended this reply (displayed in chronological order):

Opinions on 401K [View all] North Shore Chicago Nov 2024 OP
Dow is up over 1300 points at the moment TheProle Nov 2024 #1
Thank you. North Shore Chicago Nov 2024 #9
Be fearful when others are greedy and greedy when others are fearful. mahatmakanejeeves Nov 2024 #2
Sage advice, thank you. North Shore Chicago Nov 2024 #10
There's the economy and then there's the stock market unblock Nov 2024 #3
Defense stocks KnoxVol Nov 2024 #5
Yeah, fascism and defense industry go together like bread and butter. unblock Nov 2024 #7
Very wise, thank you. North Shore Chicago Nov 2024 #11
S&P 500 American companies. Emile Nov 2024 #4
Thank you. North Shore Chicago Nov 2024 #12
Not near as volatile, not aggressive, but safer. Emile Nov 2024 #15
Well, a lot should go into that decision. Patton French Nov 2024 #6
That makes sense, I am at the end of my working career, thank you. North Shore Chicago Nov 2024 #13
Market is going to go up Johnny2X2X Nov 2024 #8
Okay, food for thought, thank you! North Shore Chicago Nov 2024 #14
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