There’s so much stupidity surrounding this move. Like…they didn’t even make sure we had the manufacturing infrastructure in place to bring manufacturing back on-shore, yet they think it’s just going to happen overnight. It’ll take years to spin up new factories. 🤦🏻♂️
Current s and p 500 price to earnings ratio around 25. Historically P/E ratio in times of recession is around 16/17. Hence market still way overvalued. Look out below!
In 1987 October 19 we had black Monday where the market went down 22% the two prior trading days on Thursday and Friday each went down about six or 7% just like we had last week. Can you imagine if we go down 20% tomorrow
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