Asked on 05 Dec 2019
He once mentioned stocks market would crash if he gets impeached- do you guys think this is a plausible scenario that could happen?
Top Contributor (Dec)
Any reactions that the stock market has to his impeachment (if it happens) will be short lived. In the end, the market is based on businesses and how they are performing. If you think really long term, the markets continued climbing over the many decades despite all the really big shake ups in US politics.
If anything, a market crash should be a time for you to unload your warchest and buy in to stocks that you have been watching for a while now. So watch the market carefully. These events can actually be opportunities if you look at it from this angle.
In the short run, no one knows. But I am quite confident that in the next 10 years, the US will continue to grow. I share the same sentiments as Buffett.
Well.. It will either go up or down, no one knows. Hahaha. There are many possible scenarios, but think about the stocks you purchased, do you think the business will change if Trump gets impeached? Like Disney. Will they cease to exist after that? Probably not. So then you know these "irrational behaviours" actually serve as an opportunity for you. Walk opposite where everyone is walking ;)
Food for thought from the view by Dan Roccato, president of Quaker Wealth Management in Moorestown.
“Impeachment has a long-term impact on politics, but not markets,” he said. “Traders have the attention spans of a gnat, but investors are better served by ignoring short-term gyrations” and “should always separate politics from portfolios.”
Why worry if market get crash due to Trump impeachment which had nothing to do with the fundamentals of the underlying businesses. An opportunity to load up more quality stocks on the bargain
No one really knows.
Many people said stock market would crash when Donald Trump gets elected. It did crash but it ended the day flat or slightly negative.
I'd focus my time understanding businesses instead of forecasting events like this.
If you are investing for the long time this side show is just noise. If you are really concerned, stay nimble and be ready to switch out to less risky assets.
Btw, don't think the dems got a chance in impeachment. Or at the 2020 elections for the matter.
All these are just noises. Instead of trying to guess the movement of the stock market, time could be better spent doing research into your desired companies or enriching yourself with investment knowledge. Leave the predictiing to gurus, economists, analysts, experts etc.
If stock market crash, so be it. Life goes on. And if you have already done your homework, and gotten your wishlist ready, then just stick to the plan and slowly accumulate good companies at your desired prices.
It will move either up or down :P
It is indeed a plausible scenario that he gets impeached but we dont know what will happen to the market. On one hand, a new president may mend ties with China and try to improve. This will boost the world's economy. However, it may lead to uncertainity which is a downside risk