Dear all,
I'd like to exchange a few thoughts on the recent stock ralley around Trump's election and dow's 20'000 scoring.
To me as a EU-citizen it seems obvious that Trump's politics are the exact opposite from sustainable: besides promising companies fewer taxes & regulations, he
-polarizes and splits the US population beyond previously known levels
-actively negates environment and climate protection efforts
-fights free & liberal trade, the very basis of capitalism itself (where the US are one of the biggest winners of Globalisation!)
-impedes peaceful, prospering living-together by promoting racist, chauvinist and selfish thinking
-actively damages liberal media and communictions with his "versions of the truth"
-shows erratic, irrational behavior that is not well supported by reality
-wants to push the economy, financed on more debt
-...
Thinking of the coming 4 or even 8 years (you never know, as we all now know!) of such politics, to me this is the very opposite of building a prosperous nation. Sustainable growth in ecnomic power, wealth, social well being and quality of living is not achieved in this way.
Thinking this [edit] cobination of all time high and hugely unfavorable prospect [/edit] througt to the end, one would have to expect the US economy to drop [edit]long term decline [/edit] as far as Trump turns the liberal american framework in a conservative, protectionist one. Consequently, a mustachian investor would have to reduce his exposure to the US stock market.
I am aware that this is nothing else than stock picking or market timing, so i personally don't commit to this. But what do you think?