Quote:
Originally Posted by dksuddeth
market correction. The fake inflated money value is finally coming back to normal. Maybe this time, gov and business will realize it's about product quality and service, not quantity and replacement costs.
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I agree with this. The market should have been at most 10,000.
Now certain companies have lost costumers and revenue, but some are still good and doing business like normal.
I think this should have happened 4-5 years ago, but the Fed kept lowering rates (which was a way of cheating instead of fixing the underlying problem). A certain political party with donors that didn't want to pay taxes were probably pushing for a policy that devalued the dollar (takes more dollars to buy anything, including stocks/houses), and were letting the market do pretty much whatever it wanted to.
I will say, that for me, I am better off, since I get to buy more stock at a lower price then if I had to pay the inflated price. Even if the market doesn't go back up quickly, I still have a long time before I need that money. I didn't lose too much however.