over the next six months. Thirty-two percent expect stocks to go down a little, and sixteen percent expect stocks to go down a lot, for a total bearish expectation of 48 percent. That is higher than any other time in which Gallup asked the question since October of 2001. So Americans are more bearish on stocks than they were in April of 2020 as we went into the pandemic lockdowns and more bearish than they were in 2007 on the eve of the financial crisis .
this year—up from 34 percent a year ago—but that’s within the historically normal range. Twenty-nine percent say they expect unemployment to fall this year, which is on the low side of historically normal levels but looks strikingly optimistic given the fact that unemployment is 3.4 percent, and you’d have to go back to the Truman administration to find a lower level. Most of the folks who said that unemployment would rise expect only a small rise.
Traders on the floor at the New York Stock Exchange watch Federal Reserve Chair Jerome Powell’s news conference after the Federal Reserve interest rate announcement on Feb. 1, 2023.
Don’t participate. Wait it out. Instead of investing in the house of cards, pay off your debt.
planted headline - going full Fugazi
Conclusions based on polls
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