Would a sell off help the economy? If not now, will there be one when us retirees get the numbers for what has to be taken out of the 401K for 2018?
I don’t think a sell off would help the economy. Nor do I think it would hurt it.
The stock market hasn’t reflected the real economy in quite some time, owing to the so-called quantitative easing by the Fed - and other central banks as well.
But this is still a major league bull market, even if it is fueled by easy money.
Supposedly the Fed is continue the small interest rate increases and cut back on the easy money. We have a new Fed Chairman now so we’ll have to see what happens next.
But for now - all other things being equal - I’d be looking to jump in if the Dow drops 3000 points or more.
On the other hand, if I really knew what I was talking about, I’d be typing this from the Italian Riveria!