jjohnson777 wrote: Well the big sites selling so it is a sign to sell get as much as can before economy falls next year. So I happy Jim cashed out. I was hopeful they get better they still might but it not looking good.
What is all this fear mongering about economy falling next year, it doesn't have to - but if people keep on listening to fake news, this will be encrusted in your minds. Right now, thanks to the leftists, YES there will be a strong recession eventually, BUT it can be avoided - also it is not guaranteed to happen in 2020, it could happen in 2021 or beyond. My only concern is that 2020 could be a precursor to a recession and could be a big market correction, if 1) If President is impeached (that will send markets down big time) 2) If there is no trade deal with China (I can imagine it must be hard for a President to work on deals, whilst taking care of witch hunters and facing prospect of being impeached!) so no trade deal or significant progress in 2020 will mean a recession or a massive market correction, followed by a high risk of a recession in mid / Q4 2020-2021.
So as long as the far left is holding the world hostage and as long as the big greedy corporations will not play their part, and as long as the federal reserve will not take more drastic actions, then yes, we are heading for bad times.
Those who have 401k brace yourselves, you are about to be ****** if there is a massive correction in 2020 and recession, particularly those nearing retirement......otherwise if you are a decade+ to retirement you needn't worry anyway, as it is a virtual loss until you actually withdraw the money and have no other income to buffer any losses.