sgt137217h ago

#StockMarket . . .

#Drumpf & the #Republicans & their #MAGA supporters own the drop in the stock markets & the rise in oil prices, interest rates & inflation.

Hopefully, these FACTS will be reflected in the results of the mid-term elections to throw out the #GOP bums & give the #Dems control of both the #House & #Senate again so that they can right the ship.

In the meantime, my investment in #SPYI is back to even after being up over 10% which means the stock markets have dropped 10% & in are in a "correction" mode based on #Drumpf's shortsightedness & not based on economic reasons alone, not that there weren't any reasons for the markets to drop apart from that.

In any event, I'm only 66% invested in the stock market & have a lot of $ on the sidelines to take advantage of further drops in the market.

Not hoping for further drops but given Drumpf's lack of military & financial sense, I would not be surprised if the market drops another 10-15%. now that Drumpf has discovered that #Iran cannot be bullied.

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PS: Despite my now even position in SPYI, I'm still up over 12% year to date because of the dividend it yields and, as long as it continues to yield this dividend, I'm NOT worried about this investment.

It's like my house that is worth over 2.5x what I bought it for. I need it & can't sell it because I need a place to live. I need the income that SPYI yields & cannot sell it for the same reason.

Fortunately, I bought both when they were cheaper.

Mar 27 at 8:06pmWeb