U.S. stocks were slammed for a third day on Monday as the White House remained defiant even after President Donald Trump’s rollout of shockingly high tariff rates on most key U.S. trading partners has caused a market meltdown.
I’ve seen a few talking heads today desperately trotting out the “investing is a long term strategy” line and telling people not to sell or pull their money from their portfolios.
The statement is somewhat correct, but all they are after here is for a shmuck to hold the bag for them while the big players pull their tricks.
Yeah, last time this happened the market and economy stayed weak, with only massive government spending on public works and job programs saving the economy from complete collapse.
And we all know that ain’t happening, given the current trajectory.