If that was meant as some kind of slam, then slam me every day.
The stock market, over time, goes bottom left-top right. Along the way, it’ll go up and down. This is life. To suggest that the first 2 months of Trump’s tenure have “tanked” the stock market is not only ridiculous, but I predicted this would happen, that he would then jawbone the Fed for lower interest rates, that lower rates would supercharge the economy and that we might see another increase in inflation and be right back where we are today…on pause with the Fed looking at the tea leaves for future rate cuts or even increases.
He is trying to facilitate a technically non-recessionary recession!!
If you think that I’m somehow gloating about this, you are incorrect, but I have positioned my retirement to try to both take advantage of current Money Fund rates, a very stable & cash rich Berkshire Hathaway, and to maintain a position in the two tech stocks I think have the best, risk-adjusted chance of maintaining their respective positions and continuing to grow…as anyone should.
I held a significant position in Gold until it hit $3000, at which point I divested, because some investments seem to shoot for a big round number, then pause and consolidate, filling in for their big run up. I transitioned that money to 4% cash, which is 24 hrs from being redeployed at any time.
In short, I feel like I’ve “made my money for the year” at these levels and am consciously protecting those gains, without ejecting from some potential upside.
If any, or all, of that paints me as American without saying the words, then “guilty as charged” and quite happy to be in the dock on the charges. As I said, hurt me some more!
And, for the record, I HATE TRUMP!