Despite the rhetoric, despite the normal weekly closures of businesses or some companies laying off which has gone every year of every decade since I was in business, and DESPITE Trump openly talking about trade wars with China and tariffs, the DOW , S&P had a decent week. Nice rebound from an over reaction which I believe is caused by two things. Leftist oranizations doing anything to cause panic and fear for any reason to anything Trump says, so those liberal owned and run financial trading companies tank things, nad of course the leftist talkingheads boohing and trying to scare everybody on the planet.
The SKY is falling.... If I had a dime every time I heard that I would be very rich.
My investments are all UP for the week. Again.
Let's keep in mind that MORE people are buying LESS from brick and mortar places so you read and hear about layoffs.
NOT just the retail stores. The places that make the products that are not flying off the store shelves anymore have lopst that sales outlet and need fewer if any employees and so will do the logical thing, like consolidate your operations, less overhead, and cut back. Some go out of busines. HAPPENS ALL the time.... Every year.
90 perentof all startups within ten years will FAIL. Business 101. So all the hysterial about layoffs and job losses are not unusual to me. They should not be to many either.
BUT today is a an era of HYPER overstating things and trying to get the masses to believe that the sky is falling andits all Trump's economic policies that are causing it....
I really weary of that stuff. I did well in over 4 decades of business. There were some down times also.
I have seen sompanies that were customers come and go, grow and contract. There are endless reasons as to why that happens. Mosta re tied to economies and conditions in other countries where we conduct business as well.
I am not trying to be specific here but an really overimplifying the things I have seen over 40 years in American Business. I see NOTHING unusual with layoffs or tiny store closings and even some larger types of businesses.
SO until I can something really different, some real solid reasons as to why GOOD sound companies are suddenly struggling to stay afloat, I sleep well at night....
Just tired of all the social media hype and hysteria who are rooting for America to fall apart at the seams and then we can become the Socialist county they want us to become...... But first they have to create instability, fear, doubt, and decline if possible....
I am too old and experienced for that. Hopefully most of my friends here are as well. Look at the market since early 1920's thru today. You will see ups and dome major downs. Then you see the steady rising again and before long the market has doubled, then tripled, even though we have large drops in the market. THAT is quite normal. The sky is not falling.....
It will be fine. It is adjusting to current economic conditions and market conditions. HAd you invested in the DOW long ago and let it ride you would be very wealthy.
So please do not panic... Be prepared with a plan as De has begged us all along, but in the meantime, don't fall for the BS.
just my soap box of constant everyday baloney that irritates the crap out of me.
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