13aces said:
Trump is Putin's puppet.
blunted, enjoy the next 8-12 years. The markets are killing it!!!
[/quote] the market has undeniably been good over the last couple weeks, especially if you bought the dip immediately after the election (TSLA was available in the $180s and i regret not scooping shares of a solid company at that price).
one should tread carefully though. i have been reading a lot of articles about how this rally could be a Trump bubble. the reasoning is while Trump's policies will greatly benefit corporations and their executives, the middle and working class may not benefit as much. Trump's deregulation strategy is definitely great for corporate profits. and his whole election platform was built on bringing back jobs to the US (i.e. giving Ford a huge tax break to build a manufacturing plant in the US instead of Mexico).
while creating jobs is great for the market initially, it does not address a couple issues with how the president is doing things. if Trump is trying to keep jobs from going to China and Mexico, many of these jobs will be low level "cheap labor" jobs. many Americans don't want these jobs. it also doesn't address that many manufacturing jobs will become obsolete due to automation and technology - it will be cheaper for businesses to figure out how to have a robot do the work for them. along with this a lot of manufacturing jobs currently open can't be filled because the American workforce is starting to lag - there are voids in education and training for these jobs (due to their high cost and people being disinterested).
i'm just reporting back on what i've been reading (from fake news publications). if you are in the market - tread lightly. you may be able to get some profits in in the near term while the market is on this sugar high - but be careful in whatever happens in the aftermath.