Why would you think stocks will go back up? The tariffs have proven that we are an unreliable trading partner, and countries are starting to look elsewhere. In addition, the outrage from abandoning our allies has caused a large part of the world to boycott our companies. I don’t see how things could possibly go back to what they were.
It’s all because of propaganda. They live in an entirely different world that is not reality. I’m surrounded by conservative voters where I live and most of them say “I haven’t heard about that” whenever I mention a new outrage that’s in the news that I see. I think it’s their way of saying “I don’t believe you”.
When I talked to a couple of them about the zelensky oval office fiasco one response was “well I heard that zelensky called Vance a bitch in the meeting”. I pointed out that he was lied to and that the whole thing was recorded and that never happened, but I would bet money that they still believe that lie over me. Another response was the Russian propaganda that zelensky is a dictator. There is no reasoning with them. They don’t care about what reality is. They only believe in what makes them feel good and feeds their pride and ego. I’ve tried having rational discussions, but it always ends with them saying “I can’t articulate why you’re wrong, but I disagree with you”. If you can’t articulate something maybe that means you don’t understand it enough and should reevaluate your conclusions, but they won’t because it would hurt their pride. God damnit I’m am so far beyond frustrated with them.
I’m not saying that the stock market will end. I’m saying that we will never be in as good of a position ever again. The post ww2 world order is being rewriten right now. We were at the top because we were more or less trustworthy and had significant influence throughout the world. We didn’t have much competition. Now that no one trusts us and our influence is being dismantled our trading partners will seek out our competitors or start their own industry creating even more competition. I hope I’m wrong, but i just don’t see how we will ever be trusted again.