OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Why stocks will not go down much or for long for the rest of ours lives.

Posted by Richard640 @ 15:23 on September 11, 2017  

A booming stock market is required for our entire economy to work.  10% of the Federal Budget each year comes from capital gains taxes alone.  There’s more than twice as much wealth concentrated in the stock market (30 trillion) than in home equity (14 trillion).  Every Pension, 401k, IRA, 529, and Index fund is depenedant on rising stock prices.   That’s why it’s rigged to go up no matter the weather or the politics or the economy.

S&P’s Irma-Relief Rally Erases “Fire & Fury” Losses

“Fire & Fury”, Gary Cohn concerns, North Korean missiles over Japan, Hurricane Harvey, North Korean Hydrogen Bomb tests, and now Hurricane Irma… and stocks are higher…

 

As Bob Pisani said “it just does not want to go down”

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.