Wall Street Guru, Mike Wilson, who predicted downturn says it has 15% more to go *

[DemocratSinceBirth]

That would erase the gains since Trump's inauguration.



WINNING





*That's an empirical observation and not a normative one.

[Grasswire2]

1. how's it doing this morning? nt

[DemocratSinceBirth]

2. -350

[MineralMan]

3. Not good at all.

-380+ right now, and dropping. Investors are not pleased by the turmoil at the White House and in Congress. Not at all. And then, there's the Syria pullout and Trump paying his dues to Putin.

Not a good day, I think.

[wryter2000]

4. I'm wondering

If the market will improve when we take over the House. Seems like it could. Currently, I'm afraid to look at my 401k.

[DemocratSinceBirth]

5. The Reps still control the Senate and the markets are responding to

-Global slowing
- Tariffs
-Weak demand for oil
-Trump's unpredictability

[wryter2000]

6. Thanks

I guess I was engaged in wishful thinking

[DemocratSinceBirth]

7. If you have a long time horizon, in excess of five years, you should be fine.

[wryter2000]

9. That's what I think

Plus, the money is in a risk averse fund.

This is just another reason to eagerly await a Dem president

[Johnny2X2X]

8. My guru says the same thing

I'm in aerospace and software engineering. Have one of the old guys here who's beyond a genius and develops software on the side that helps him predict the markets as a hobby. He says 19,500 is the proper value based on his math which takes into account the Shiller Price Earnings ratio heavily, but adds some other factors his software finds for him.

He says we should be at 19,500 right now, but that if little changes the markets might see 17,000 before rebounding. If things pull back we could see much lower.

[Wellstone ruled]

10. You might be right on this.

Said this before,the Dow was Juiced by adding certain Tech Stocks just to kiss Trump's ass. Take those five high flyers,we would be in or about a 18-19 Dow.