Reply to Market feels very overvalued--go to cash for a while?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m so glad i’m
 it an emotional investor! I’ve put 25% of every single net dollar that has come through my hands into a taxable account since I first started working out of college in 2000. There have been many changes in the last 25 years but never once did I pull my money and have always kept the course. My growth has now outpaced my wage slave income. This alleged “correction” that your emotions have predicted should be irrelevant. Are you young? Is this your first market feeling you’ve struggled with? [/quote]

I believe we are headed for a Great Depression style era soon. Or a heavy heavy recession. [b]The last time we had tariffs like this was a precursor to the Great Depression.[/b] We are also 37 trillion in debt. Now we are talking about firing Fed chiefs for random reasons? Yeah, dude, not super bullish in general. I know we will soon turn on the money printer and lower rates, but holy fk are we in for a correction sooner than later. Tariffs and unemployment…this could be protracted and long when it occurs.[/quote]

Totally agree with your points, but Smoot Hawley was passed in June 1930 as a horrible response to try and "save" the economy that had already entered the Great Depression in October 1929.  It absolutely made the Depression worse and longer, and spread it all around the world.

https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act[/quote]

And yeah history rhymes/repeats.

"In May 1930, a petition was signed by 1,028 economists in the United States asking President Hoover to veto the legislation."

https://reason.com/2025/04/18/150-economists-sign-letter-opposing-trumps-protectionist-agenda/[/quote]

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