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Updated about 9 years ago on . Most recent reply

User Stats

230
Posts
122
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Wendy Black
Pro Member
  • Investor
  • Phoenix, AZ
122
Votes |
230
Posts

Your Thoughts on Politico Story- Will the Economy Tank in '16?

Wendy Black
Pro Member
  • Investor
  • Phoenix, AZ
Posted

Anyone read this?  If so, what are your thoughts per investing in properties, notes, stocks, etc.?

http://www.politico.com/magazine/story/2016/01/economist-forecast-2016-213499?o=0

  • Wendy Black
  • Most Popular Reply

    User Stats

    34
    Posts
    13
    Votes
    Krystian Sosinski
    • Real Estate Agent
    • Phoenix, AZ
    13
    Votes |
    34
    Posts
    Krystian Sosinski
    • Real Estate Agent
    • Phoenix, AZ
    Replied

    Stay out of equities right now. The S&P closed out negative for 2015 and has been downhill since November. Just yesterday the DOW had its biggest opening day loss since 2008. Global markets are slowing and earnings per shares for many companies are starting to stagnate. There's nothing positive going on in the market besides two things: a) unemployment is down (negated by decreasing participation rate) b) inflation close to fed target (skewed due to energy crashing). Best to wait it out.

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