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Originally Posted by rsmurano
Unbelievable what people say. Highest inflation occurring today?? Is this April 1st again?
Prices are down compared to last year and way down compared to 2022. How much was gas in 2022 compared to today?
Market is down, no big deal! It’s not because of inflation. We will see a huge jump in equities later sometime this year. To make things right, it’s going to take some time. If you would have bought some stocks in the last month (I have bought 6 battered stocks in the tech area a month ago), there have been big gains. It’s still too early to get all the way back in IMO.
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The market is down. That's true. One factor is that foreign buyers have pulled their money out. And the reason is that they have lost faith in America in general. It is going to be VERY difficult for the US to get back its prestige as the most innovative country in the world. Right now France and England are drawing in some of the worlds best scientists that are leaving America in droves. They have been fired here in the US and are LEAVING. Because the US and US Universities have such internal Confusion going on, it will take years to build back WORLD confidence in the US as the top innovating country. So, I would disagree with the US economy making a comeback as quick as one year. I hope I am WRONG about this for the sake of the stockholders, the economy, and the country in general.