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I did pretty good so far in the market this year - about 18-20% increase in my IRAs (not including my 401K), which is about as much as I earned in take home pay so far. I would love it if the stock market kept doing that every year.
But I think the probability for a correction is high. We shall see.
Either way, the economy is not the market, but the market can be affected by the economy.
The big thing to watch will be employment numbers. Start seeing big layoffs in the US, and unemployment percentage starting to rise, then people will start to get nervous about their jobs. When people worry about their jobs they slow down their consumption. Two thirds of the US economy is driven by retail consumers. It is all about confidence.
I am not too worried about my personal job situation. I am close to retirement. My team is already short handed. I am needed for completion of important tasks.
That said, you just never know what is going thru the minds of your managers and what they will decide if told to cut costs.
It would be inconvenient for me if I got let go within the next 6-12 months - after that, it would actually work to my benefit - unless some unexpected expenses happen.
I will just have to wait and see what happens.
But I think the probability for a correction is high. We shall see.
Either way, the economy is not the market, but the market can be affected by the economy.
The big thing to watch will be employment numbers. Start seeing big layoffs in the US, and unemployment percentage starting to rise, then people will start to get nervous about their jobs. When people worry about their jobs they slow down their consumption. Two thirds of the US economy is driven by retail consumers. It is all about confidence.
I am not too worried about my personal job situation. I am close to retirement. My team is already short handed. I am needed for completion of important tasks.
That said, you just never know what is going thru the minds of your managers and what they will decide if told to cut costs.
It would be inconvenient for me if I got let go within the next 6-12 months - after that, it would actually work to my benefit - unless some unexpected expenses happen.
I will just have to wait and see what happens.