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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