Re:Vanguard Warns of Worsening Odds for the Economy and Markets
by imron on Tuesday August 14, 2018 @03:01AM
(#17756044)
> Things said in 2004 and 2005 definitely bubbled up to the top after Lehman’s collapsed in ‘08 as “correct predictions of the coming financial crisis.”
Also known as a broken clock is right at least twice a day. Vanguard is doing the same thing here by saying sometime in the next 2 years the economy will start doing worse. They'll be right eventually.
> If you went to a cash position the day after Trump was elected you seem like a fool today. You can wake up a financial genius tomorrow.
Many people were expecting another market downturn at around the time Trump was elected - not because of Trump but because it was 8 years since the last one. The market rallied instead and now Trump has a buffer.
The market today could fall by as much as it did in 2008, and it would still be at about the same level as it was when Trump was elected.
Also known as a broken clock is right at least twice a day. Vanguard is doing the same thing here by saying sometime in the next 2 years the economy will start doing worse. They'll be right eventually.
> If you went to a cash position the day after Trump was elected you seem like a fool today. You can wake up a financial genius tomorrow.
Many people were expecting another market downturn at around the time Trump was elected - not because of Trump but because it was 8 years since the last one. The market rallied instead and now Trump has a buffer.
The market today could fall by as much as it did in 2008, and it would still be at about the same level as it was when Trump was elected.