“Greedy unions made the stock market crash. This is why we need a federal right-to-work law”.
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So throw them a bone, then blame them for the rate hikes. Good rates don’t mean much if your savings account is a cookie jar and a bond is a friendship. The banks still get the best rates.
That depends on whether the investors are buying in or cashing out. But even so, to put things in perspective, the last time the S&P 500 was this low was…January 10th…and every single day before that since its inception. It’s still higher than it was a month ago.
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Meh, the stock market goes up and down all the time. It just finished a massive surge, it will crash at some point and then surge again.
It only matters if you either ‘play’ the stock market like a roulette table (with predictable results if you are one of the 99.9999% who are not Warren Buffett), or if you need money from your investments right away.
There is no way to know what the markets will do tomorrow or next week. Buy indexes if you can, and ignore them for as long as you can. In the long (looooong) run it will work better than anything else.
According to Buffett, the secret to getting a better return on investment is to buy a stock and forget about it. He believes in having a buy-and-hold mentality and insists on holding stocks for decades.
“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for ten minutes.”
– Warren Buffett's Best Investing Advice for Beginners
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This is why I specifically mentioned “gamblers”, as many treat the stock market as a sort of betting parlour. Most specifically short sellers are quite literally gamblers, betting on the misfortune of others.
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