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First they came for the illegals but I didn't speak up because my 401k has been making massive gains and this whole administration has been awesome for me but I
by elastic_church 10y ago
First they came for the illegals but I didn't speak up because my 401k has been making massive gains and this whole administration has been awesome for me but I can't say that out loud in California because people are still imagining a reason to lose their minds while the checks and balances are working out as intended the whole time!
- GrinningFool 10y agoGiven the current composition of Congress and appointees, checks and balances are hanging on by a thread at the moment. That is what has people worried.
- elastic_church 10y agoI know right, especially after Preet Bharara and all those judges got fired! Can't wait for this week's episode I'm on the edge of my seat
- cromwellian 10y agoAnd your 401k was up massively since Obama took office as well long before this current wave of anti-immigrant sentiment. The market is up because of an irrational belief that Trump is going to enact the pipe dreams of the SeekingAlpha crowd with massive tax cuts that the Democrats are never going to approve. Statistics show most likely there is going to be a big correction and a recession on Trump's watch. Never in the US's 200+ year history has it gone more than 11 years without a recession, check the NBER data. So given the likely downturn in the markets when people realize that this stuff isn't going to be enacted, will speak up then because it's no longer "awesome" for you?
- elastic_church 10y agoDecade long QE money machibe whoop whoop Im well positioned for the bear market
- maerF0x0 10y agoIts only because the trough was so deep. Its hard not to have a massive gain during your presidency just after a crash. To be clear, I think presidents have little to do with market moves. So they should not be accredited with gains nor blamed for falls.
- pm90 10y agoNope. Let's give credit where credit is due. If it wasn't for Bush and Obama recognizing the problem and acting quickly to fix it, we could have had a crisis of much larger proportions. Now, I'm not saying they Personally fixed it. But they did recognize the enormity of the situation and actively took steps that helped remedy it.