So... let's just check the business news pages and...
[gulp]
OK, excuse me while I wipe all of the coffee off my computer screen. Hey! The keyboard still works! [BZZZT!] Never mind. New keyboard time.
Yeah. Yesterday, the market had itself another little freakout. Or, not so little freakout. Today? I dunno. Tomorrow?
And tomorrow?
And tomorrow?
Creeping. Petty pace... day to day, and the market will, like, do something. Or, something. (I feel like there's potential with this wording, if only someone who understood the English language could play around with it. Maybe I need Morpheus to inspire me. Gaiman, not Wachowski).
Why is the stock market going crazier than Ophelia? (Yes, I know that's a different play, just... let me have this!) Anyone who claims to know the answer is a con artist because any answer comes with an implied buy order and an implied sell order. The best long-term strategy? Put your money in a passively-managed S&P index fund, and leave it there. The market is going down. What does that mean? It means that if you have cash, today is a better time to put your money in than last week. If it goes down again today, then tomorrow will be an even better time.
Don't try to time the market though. Just DON'T. Put your money there, and LEAVE IT. Step AWAY from the stock ticker.
Did I lose a shitload of money yesterday? Yes. Yes I did. Do I care? No. No, I don't, because in the long-term, my strategy beats most active managers, just as it has been doing for years.
With that out of the way, I'm a political scientist. What does this mean for politics? Maybe nothing. The market goes up, and the market goes down. This really could be a weird blip. I don't see an obvious cause for this. When I don't see an obvious cause for a market freak-out, I default to treating it as nothing. Then again, the recent bull run has been totally insane, and valuations have been out of proportion, so maybe this will be both a technical and colloquial correction.
On the other hand, if not, as I said yesterday, the economy is what matters. Trump is held up, to the degree that he is, by the economy. Take that away, and his presidency and the GOP... no amount of lying will save them from a crash.
That said, there's an old saying. The market has predicted 9 of the last 5 recessions...
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