As the market dips ever lower, the White House’s top economic authority offers the same advice: Buy low!
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1297620
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1297620
Any actual financial expert says we haven’t come anywhere remotely close to a prudent buy the dip level. That’s why Larry isn’t a financial expert.
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Co–caine is a helluva of a drug.
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All I can say is that for anyone listening to Larry Kudlow, when your 401K is gone, I really hope that we can figure out a way to take away your social security as well.
Kudlow has been wrong for the last 12 years, and he is wrong now. But I urge all MAGA supporters to listen careful to him, do what he says.
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Often wrong but never in doubt.
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“I think it is relatively contained,” he [Kudlow] said. I firmly believe Larry Kudlow, MD, MPH, PhD (Snort–sniff, sniff–ology, with special concentration in bump, powder and snow inhalation)
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Larry, it’s not a “story” and these ain’t “dips”. This is what a recession looks like, dweeb.
Buffoon.
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You may be spelling that wrong.
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Kudlow said “for long-term investors, I think it affords a great opportunity to buy.”
The investment horizon for the those who can afford to buy low now might NOT be “long term” for those high income high risk Covid-19 cohort aka Rich-Old-Investors!
FFS…Reign in your GREED Kudlow and stop talking up the stock market, there are more important things right now!
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“To me, if you are an investor out there and you have a long-term point of view I would suggest very seriously taking a look at the market, the stock market, that is a lot cheaper than it was a week or two ago.”
To be fair, in the flood of BS coming from Aged Orange and his advisors, the part I extracted above is actually coherent. It IS a buying opportunity if your time horizon extends many years, or even decades. Shorter term, you’d better be playing with money you can afford to lose.
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Buy Low… Lower… Lower!
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Baghdad Bob, meet “Buy-dip Kudlow”
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From a NYT article on Kudlow’s predictions.
’ “There’s no question that President Clinton’s across-the-board tax increases on labor, capital and energy will throw a wet blanket over the recovery and depress the economy’s long-run potential to grow.” — March, 1993
Analysis: The period between 1990 and 1999 was the longest bull market in history. The S&P 500 more than tripled during that time and there was not a single bear market or dip. The so-called dot com bubble helped fuel that rise until it all came crashing down in the spring of 2000, a situation created by speculation rather than Washington’s economic policies.’
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In the (very) long term the stock market has recovered from every crash, recession, and depression. Of course, this can easily take decades - the Dow recovered from its pre-crash 1929 level in 1954!
And in the long run we are all dead.
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“As the market dips ever lower, the White House’s top economic authority offers the same advice: Buy low!”
I just placed a limit order with my broker for IBM at negative 50.
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Sure, Larry. We all believe that Donnie will make the economy great again, if we give him another four years. Or eight, or twelve. We can always change the Constitution again, or just ignore it.
It’s not a reality show, Larry.
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I hope the folks who regard Larry Kudzu as an expert are investing heavily in this dip.
Sadly, most of them blew all their savings on jerky and toilet paper.
And ammo.
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If anyone had any doubts that Kudlow was a goon, all of those doubts are now washed away.
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“Kudlow said “for long-term investors, I think it affords a great opportunity to buy.””
Kudlow is 72. When 72 year olds are “long-term investors” there is a fundamental problem with how we have structured the economy to hold and protect concentrated wealth. Just, FYI…
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That’s just Kudlow’s prediction of where the stock market, and the economy is going.
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