[quote=AN]You’re comparing tech to the .com bubble. So, you’re right, it took 8 years to get back to where it was. But that mean it got back to bubble level. Just like RE during Obama. It took 8 years to get back to about bubble level. But that does not mean it was in decline for 8 years. During 1-2 years after the crash, it was difficult to find jobs. The abundance of options wasn’t there. However, it wasn’t hard to find at least one or two position available.
It’s funny you said a lot tech worker wasn’t in position to buy assets in 2001-6, but those experienced people had an opportunity to sell their stocks at bubble price and buy RE. If you’re talking about younger people, I know many who did buy around that time, since they don’t have much problem finding jobs either. I guess where you stand depend on where you sit.
As for not targeting a specific ethnic group, you’re right. I personally expect it to continue. After all, those who really want to target a specific group is a small % of the population. The rest who are voting for Trump use the same logic you’re using to vote for Hillary. They think she’s worse for them than he would be. So, I would be say there won’t be enough support to get any law pass to target a specific ethnic group.
I just had a conversation with someone who voted for Trump. She held her nose and voted for him while hoping he’ll get impeached and Pence will take over. I wonder if there’s enough of those people out there to push him over the top. She’s even worse than you flu. At least you half way like Hillary and aren’t hoping she’ll get indited and get put in jail or get impeached. But that also shows how much Hillary is hated by some people where they would vote for Trump while hoping he’ll get impeached, because to them, Hillary is worse.
BTW, I personally think bills like SCA-5 does target a specific ethnic group. Imagine if SCA-5 got passed nationally.[/quote]
The supreme court already ruled in favor of affirmative action for it back in June (Fisher v. UT Austin), 4-3 (Scalia died, and one judge abstained from voting). So it’s unlikely it will get overturned for some time. It’s a done deal. And what I have learned, those from the Trump camp aren’t exactly for “equal admissions policies” either. Some of them are exactly for quota limiting Asians and Indians if there are “too many of them”… We’ve seen cases even here on Piggs. That’s usually what happens when one group ends up doing better than average, and there’s a sense of injustice that that happened, because for whatever reason they feel left behind.
And, I think you mistaken my assertion. I don’t particular “like” Hillary. Had the top ticket been Romney or even Kasich or Rubio… Hillary wouldn’t have even been a consideration.
The best we can hope for is a 1 term president.
Regardless of the outcome, I’m just financially positioning for a financial disaster for one particular term from one particular person. I do think this time it’s different. We’ve never had such a polarizing/irrational candidate in modern times, and his odds of wining I think just went up significantly.
If I’m correct, I’ll stay out of the markets for some time. If I’m not correct, that’s fine too, I’ll move slowly back after November.
The markets really haven’t moved that much this year anyway, unless you happen to have been in and out of positions. I only averaged about 12% so far, and mainly offset by the few companies that were bought out from acquisitions. Earnings aren’t great, and the markets moving because of acquisitions and mergers ….If you look at how some of the small/mid tech companies are doing, the unicorn is being reeled in.
