william the wie
Gold Member
- Nov 18, 2009
- 16,667
- 2,402
- 280
Market responses right now are consistent with a market that has undergone a bear market so, what I am asking is there any way of looking at the market that can justify that assessment.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Market responses right now are consistent with a market that has undergone a bear market so, what I am asking is there any way of looking at the market that can justify that assessment.
I think you are going to be surprised at my answer, if your location is accurate. As federal income taxes (regulations) go down and out-sourcing tariffs go up to offset those cuts, state/local taxes (regulations) become a bigger factor in where economic activity happens. So, current internal migration of jobs and people is likely to go off the charts. NY, IL, CA, MA and RI are likely to go into Chapter three and cut the pensions of their retirees. Since those retirees have disproportionately moved out of state so their pensions will go further that brings in another branch of the Federal courts and the fun will really begin. Then more high tax states will hit that same road block and have major problems.The Reagan Daze? I still can't figure out what that kink in the Dow curve is in the 1980's, and that hasn't corrected itself yet. Is it linked to the 401k/IRA laws? If yes, then I would predict a longer bear market. Anyone with an idea?