I dont know much about the stock market, compared to experts anyway. I have a question.
Is it just a coincidence that often when a new book comes out showing the crimes trump and team committed, or an investigation ramps up, or subpoenas are issued, the market drops big time?Like yesterday's book about the constant felonies Barr committed.
What is the excuse for today's massive drop?
Is there any connection or am I just pissed and looking for an excuse?
underpants
(186,672 posts)If (insert event/news) happens the market will rise, fall, or not.
unblock
(54,157 posts)meaning the fed will continue to hike interest rates, which will further slow the economy and further eat into corporate profits and therefore result in a lower value for shares of stock.
and maybe tomorrow official will make a speech and it will go back up. who knows.
elleng
(136,083 posts)doc03
(36,709 posts)I think. Every day they state some reason it goes up or
down. Sometimes what we think is a good thing like unemployment going down Wall Street panics thinking people will ask for higher wages. Inflation goes up that's bad interest rates will go up. Inflation goes down they think there is a recession. They had a chimpanzee a few years ago pick stocks and he did better than the so called Wall Street gurooz. Jim Cramer was yelling buy buy buy before the crash in 2008. Myself I have done good just sitting back and riding out the bear markets (so far).
jimfields33
(18,900 posts)Why they have to guess numbers to begin with is a mystery. They must increase interest rates. Inflation must be dealt with. Its the one thing everyone notices. Everyone has to eat.
GenXer47
(1,204 posts)but it can have an effect - investors assume repugnantkins will de-regulate everything. But this gets "priced in" with so many other factors pretty quickly and then it's forgotten.
rubbersole
(8,518 posts)Could get ugly. Just sayin'.
PoindexterOglethorpe
(26,727 posts)the stock market is very safe. On average, it gains 10% a year. Clearly that varies by a large amount, year to year. Another thing to keep in mind is that two out of every three years the market goes up.
Do not try to time the market. That is a completely losing game. Ignore things like books published, and invest in solid stocks or funds. Diversify. Periodically adjust the investments so they are what they should be.