"Stock markets climb a wall of worry." ~ old adage
I am convinced now that Obama was great for the economy. Because businesses did not have confidence in the administration's policy, they under invested and the economy grew at the slowest pace ever after a recession. Growth was slow and measured. So we never experienced the boom/bust cycle that typically occurs and leads to another recession.
Similarly, the uncertainty with Trump may also be very good for the economy. The dysfunction exhibited by the Republican party, despite controlling the Executive and Congressional branches is keeping the economy from being overheated. The economy continues to grind up slowly. And so does the stock market.
In another eight years, staying invested in the stock market may be the smartest thing anyone ever did.
For more on Reflections and Musings, check back every Saturday for a new segment.
This is not financial advice. Please consult a professional advisor.
Copyright © 2017 Achievement Catalyst, LLC
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