I wonder if the market is going to fall tomorrow.
Seriously thinking about selling my one major stock position. I can't see the market responding well to what he has done today.
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elleng
(138,148 posts)58Sunliner
(5,189 posts)It's a risk. I will be up early!
jmbar2
(6,560 posts)However, if you wait, might be a good opportunity to average down your cost basis.
FloridaBlues
(4,450 posts)After I sell my house my money will not go back into the market. It’s too nerve racking for me but that’s just me.
58Sunliner
(5,189 posts)I sold at highs and use t-bills. I am also selling a property. Very unsure of what will happen here and I want to be mobile.
FloridaBlues
(4,450 posts)58Sunliner
(5,189 posts)I am worried about the housing market in general. I think many are nervous about committing long term to one place right now.
John1956PA
(3,704 posts)A few hours ago it was at $50.
58Sunliner
(5,189 posts)Lovie777
(16,674 posts)Go down and take us with them.
58Sunliner
(5,189 posts)I couldn't sell last time he was pres and I rode it down when the market fell, rode it back up again, but it took 3 years.
jg10003
(1,033 posts)The stock market is crucial to musk, bezos, and company. Trump won't do anything to risk the oligarchy's major source of wealth.
dhol82
(9,501 posts)At least for a while. After the economy goes bye bye it will crash.
Have no idea where to park cash. If we go into hyperinflation all bets are off.
58Sunliner
(5,189 posts)Bernardo de La Paz
(52,608 posts)Short term: tariffs raise prices and consumers pay them because they haven't fully factored it in because until it happens, the date and the targets and the amounts are uncertain. If you planned to get a washer, you either need a washer or have it mostly budgeted for, even if prices immediately go up even for American assembled goods that use 10 to 30% of foreign parts (not uncommon). And prices go up even on 100% American made because suddenly there is headroom to raise prices against tariffed foreign products.
Medium to long term: Trade wars are inevitable even if tRump only goes average of say 15%. And since he is threatening across all products and all countries (three of them prominent), it will be a broad trade war, which will send US international trade spiraling down. That means job cuts, which means a tightening economy. Even though the Fed would lower interest rates to stimulate the economy, the stock markets would become bearish because they would turn to fearing economic contraction more than loving rate cuts. Stock market now is a two year old bull, which is beginning to get a bit old (three is the upper end, I think) and is only a little above the close of Nov 5.
This all comes on top of mass deportations which will create disruptions in supply chains, esp food, and lead to shortages and higher prices generally. There might even be economic contraction along with enough inflation so that profits go down even as prices hover around zero increase or even prices rises.
Disruption and turmoil as forces raising prices (tariffs, labour shortages) compete with forces lowering prices and values (job losses, reduced consumer demand).
The classic adage about deflation which accompanies recessions and depressions is that "cash is king". If you have cash, consider sitting on it for one or two or three years, depending how things go. There might be stock bargains by then.
Just my opinion, no expertise. I'm 85% bonds, 15% cash right now.
58Sunliner
(5,189 posts)Bernardo de La Paz
(52,608 posts)On Friday January 17, 2025, by chance, the S&P 500 index closed at 5,996.66.
58Sunliner
(5,189 posts)PoindexterOglethorpe
(27,173 posts)and has remained so says something.
Plus, trying to time the market is, and has always been, a fool's game. Buy good stocks/mutual funds and for the most part hang on to them.
Me, I have an excellent advisor I've been with some two decades, and I have done extremely well with him over the years.
bucolic_frolic
(48,651 posts)There is no place to hide except in stocks. If you play it right, you save and invest more and more, and then eventually you can retire when your investments pay more than the job you've been booted out of.