Friday, October 26, 2018

Market Down about 200 points as of 11 AM PDT today

"The dumb money is saying the economy is headed south," he said. "The smart money says, ‘This too shall pass.’"

partial quote from:
https://finance.yahoo.com/news/3-stocks-buy-hold-panic-184556241.html

If you can afford to stay in and take the risk (in other words if you can survive without your investments for 5 to 10 years) then stay in the market.

Because it is likely 50-50 whether or not we are going to have a crash like 2009 or 1929 here. It is hard to predict because we have this unnatural "Trade War" that Trump has created to kill off poor and middle Class people "financially" in the U.S. and around the world and make the rich richer worldwide.

The Trade war is actually a ruse by the Rich like Trump to kill off the poorer people worldwide through starvation. In other words it's just an excuse by the rich to starve the poor and to bankrupt them.(and the lower middle classes too worldwide).

What happens actually in a "Trade War"? Companies downsize or go bankrupt. People lose their livelihoods in the countries involved in the trade war. People lose their homes, their spouses, their families, their livelihoods in all countries involved including the U.S.

Those suffering the most now in the U.S. likely are Farmers who own their own farms who aren't a part of a farming conglomerate who will likely lose everything within the next year because of the trade war.

And since China is "waiting for another President" and see Trump as an anomaly and has waited out adversaries for "Hundreds of years" in the past, I see presently no hope for those American Farmers to be able to keep their farms, unless they find customers other than China somewhere else on earth.


No comments: