I just don't understand why the Dow is going up...

[walkingman]

6. You have to remember that the wealthiest people (top 10%) own

about 90% of the market and the working class owns about 10%. Like most people with IRAs, 401Ks, etc. we all have a lot of our retirement saving there also.

However, those that really control the direction of the market support less regulation, less taxes, and less government intrusion all support this administration simply because it means they make a lot more money and they keep more if he cuts their taxes.

The on again/off again tariffs is bad not only for business but also foreign policy so it obviously is not good for the market....harder to sell our bonds to support out ever-growing debt, and although the weakening of the dollar might be good for foreign trade it is not good at all for the "reserve currency" dollar which has a very big influence on interest rates.

Overall, although we have very little control over the stock market, over time the market has out-performed other investments - but time is the factor. The key is to be able to keep up with inflation so your savings will buy as much in the future as they do when you invest them.

I personally do not trust this administration at all and although the markets have recovered almost from the tariff scare earlier the last couple years of the Biden administration were economically very strong with 20+% gains and as we all know the market will not go up forever....when I see new highs and the market multiple so high...it makes me nervous and I am too old to go through another big correction so I am very cautious these days.

Sorry for the long diatribe, but like you, I think about this a lot. Just my opinion....we all have one ☮