Quote (excellence @ May 11 2017 08:20am)
there is a potential for a market retreat- we talked that this was possible no matter who is President now due to a bull market being propped up by fed policy during the last administration.
people care about their money first in general. thats alot of how they remember Presidents. Bill Clinton is held in high regard despite letting NK get nukes, not bothering with Bin Laden when the guy was up for grabs, and being impeached for redefining what sex and is is, among other screwups, all because the times were good then.
If President Trump's administraton sees economic gains and he keeps key campaign promises he has a good chance of being viewed well in the future.Despite the efforts of the tryhard revisionist media and historians.
its pretty easy to just blow a hole in that, tbh, at least from an objective standpoint.
the wall hasn't been shown to be an economy strengthening campaign promise, and i hope we can both agree a tariff would be bad for the economy.
"no interventions, no more foreign wars". he just armed the kurds. he's balls deep in the middle eastern knot at this point. hopefully he gets out, lets both admit that's a long term play though as it will take years under the best circumstances.
repeal obamacare, well one wiff and a foul ball later we're not going to see a 20+ million person kicked off of insurance, imo, as its political suicide. unless u boot them the economic effect isnt going to kick in there for employers saving dough.
all the while he's squeezing the legal pot industry and emerging clean energy fields, which will offset economic gains. especially as legal pot investment is a massive emerging category, even though its still go-fish.
immigration policies could hit the tech sector, already have in some places.
now are any of these going to cause a collapse? nah, but they're all going to hamper what growth Trump can achieve, he's simply too decisive to get "total wins". he'll have some gains and a lot of net zeros. and right now the stock market is bubbled up for gains, lots and lots of gains.
This post was edited by thesnipa on May 11 2017 08:32am