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Reply to "How will the stock market crash impact the elections?"
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[quote=Anonymous]I think the market is in correction mode. It's been so high for so long - there's a lot of daily life that's not as nice but the markets have ignored this. This inflation feels a bit different than the rest. Food prices are extremely high - if you eat out at all you know what I'm talking about. Everything is more $$$ now across the board and I think some of it is related to climate change. Regardless the reasons, I think people are somewhat in a panic psychologically over the state of the world as a whole. America is not a happy place other than stock market. The market has been kinda insulated - trading is a kind of gambling and so far, people have been able to to do that because the markets have been so healthy for so long. So - everything has not been rosy except for the stock market and it's the market's turn to to get a taste of real life now. I don't know how long this correction will last but history would assume it won't last too long. Once the market corrects, people go back to using it as what it always will be - a platform by which to make more money and that does take risk so people will just do it no matter what. We're far from a recession - people have too much money these days. We're flying all over the place, we have money from stocks and people do have jobs still. There's definitely money it's a matter of where people want to be spending. So for that reason I think markets will be fine before November for sure. How fine I can't say but we're not going to go into a recession or crash. We will however be correcting which is always a hard place for people. This benefits Trump of course but I don't see it helping him as much. Psychologically, Kamala still has an edge.[/quote]
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