RE:RE:FTN unit nav in realtime @ $19.65darbybarton wrote: Hey Mouserman. I follow your daily NAV posts daily ( Thank You ), I have had a real good run with my split funds but Im wondering when we will have a correction . I realize your not a financial advisor but would be interested in your views since you follow splits closely. Thanks in advance,
SO historically the market always goes up prior to election day in the US...govt plunge protection team at work.. as you cannot have a crash right before the people vote. They massage the stats , GDP and job numbers to make them look great, then in a few months they revise all the jobs numbers down. Last month the majority of the job creation was govt jobs. That isnt a job that creates value , as in something you can sell. ONLY just creates higher taxes.
Now another history lesson,...the stock markets most times do the worst in the first year after the election... when suddenly some of those promises made , DO NOT see the light of day.
I am not going to try and predict when the pullback is going to happen... but anytime you see multiple new alltime records in the stock market, in less than a year, in an economy that is ,IMHO, not a great as the media and govt suggest- you have the recipe for a strong correction at minimum.