Reply to Mixed feelings on stock market gain

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[quote=Anonymous]My stocks are doing wonderfully, which is the silver lining in this awful situation. I too cashed out some of my portfolio, to hedge against Trump-related market chaos, but it turns out I made more much more money than I tabled.

I wouldn't be surprised if we had a correction at some point. It's long overdue. That will be fine too. However please bear in mind that the market does not reflect the average person's economic woes. Hard times for working and middle classes does not necessarily translate to a stock market crash... and vice versa.

I think we will see a global recession if the war in Iran keeps oil, fertilizer and other primary goods at scarcity levels, but the US will be one of the wealthy nation's that is the least impacted. Of course US citizens will think they're majorly impacted, because they don't look outside of their own borders to compare their wealthy to other people's poverty.

And in all that, the stock market might not be much impacted. AI development is something that needs to be watched, in terms of stock market progression. Not that I think a bubble is going to burst any time soon... but a stock market correction is more likely to come from that than to be directly related to an oil recession.[/quote]

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