Good day all. As I write this, the Dow Jones Industrial Averages has, at one point, dropped over 1000 points. Currently it has regained some of it’s losses, but the market is still off between 500 and 600 points.
I am personally taking a pretty big hit, and have lost 5 figures in each of my stock portfolios. (General investments, IRA’s and 401Ks) Part of this is due to the flat out incompetence of President Bumbles Dementia and his so called “Economic policies.” The other reason is far more frightening. People are worried that a general war could happen if Russia invades the Ukraine.
There are other issues as well, such as the supply chain problems being exacerbated by the maladministration’s, along with the Blue cities and states demands on anyone in the trucking and transportation field be vaccinated or lose their jobs. Add to that the crime problems in Kalifornistan where trains are being looted and prosecutors refusing to go after actual criminals and you can see why confidence is falling.
What a far cry it was 5 years ago. Almost as soon as the election results came in, and we found out that The Greatest President of the 21st Century, Donald Trump, had crushed the corrupt Felonia von Pantsuit, the markets started climbing, and generally continued to do so until Anthony Fauci’s little “Gain of Function” project escaped the lab. With the lies by the Deep State, the Communazi Propaganda Corps and the CDC, the country was locked down and the economy ground to a halt.
When states started opening back up, the economy started to improve. However, with each new variant, the Blue Cities and States would crush their economies again. (The red states said, “Enough is enough!” and have refused to pay any more attention to the CDC, Fauci or Bumbles dementia)
I’m no economic guru, and I have seen market crashes before. However, as things get worse, I fully expect the likes of Elizabeth “Lie-a-watha” Warren and Comrade Bernie Sanders to start a repeat of things that caused the 1929 mark collapse and the Great Depression. We have another 3 years of this incompetent idiots policies, although there is a good chance that the Republicans will crush the Democratic Communazis in November.
The new congress might be able to force the issue and who knows? Bumbles Dementia and Heels Up Harris might be forced out and the new Speaker of the House becoming President for the remainder of Biden’s term. By the way, in case you didn’t know, the Speaker of the House does NOT have to be an elected member of the House of Representatives It could be anyone the majority chooses.
In any case, for those of you who haven’t seen a major correction before, don’t panic and look for buying opportunities. We’re really overdue for one. Of course, considering the stupidity of those who claim to be “Managing the economy,” it’s going to get a lot worse before it gets better.
Thatisall
(3 votes, average: 4.67 out of 5)
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