Monday, January 29, 2018
Stock Market's Record Gains
Jeremy Siegel, a "finance professor (they didn't say where)
"predicts a 'pause" in 2018, making it sound as bad as he
can. Nobody seems to credit the presidency of Donald Trump for
creating an atmosphere where the stock market can surge, nor is there
any notice that the stock market always goes up, no matter how bad
things seem to be at any given time. The general trend is UP. Even
after the thirties depression, the eighties recession (what's the
difference?), the market always ends up in an UP position. People
always panic and SELL when things look "iffy," which adds
to the problem. Never understanding
that if they just KEPT the stocks they have, their eventual position
WILL improve.
A simple look at the chart of the OVERALL direction of the market
will easily tell you this. Individual stocks will go down and stay
down. But selling in panic will normally lose you more money than
just keeping everything and taking advantage of those that do NOT
stay down, whose profits will eventually make up for any temporary
losses. I say that as a man whose eyes "glaze over" at the
very mention of "finance," but a look at that chart tells
even ME a story. (NewsMax)
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