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Millionaires predict gloomy US stock market will get much worse in 2023

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Bearish sentiment has hit its highest level since the Great Recession, according to a CNBC survey.

— with 28% of millionaires indicating a plunging stock market was the greatest threat to their wealth.

Eighty-one percent of millennials expect their holdings to rise in value by the end of next year. Conversely, 61% of baby boomers see their assets going lower or much lower in the year ahead. Losses are more extreme for the Nasdaq, where large-cap giants such as Meta and Amazon have conducted layoffs in an effort to trim costs. The tech-heavy index is down a whopping 33% so far this year.The Dow Jones Industrial Average has sunk more than 10% over the same period.

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PaulZeise Those who follow a right wing rag like The New York Post are just as misinformed as those who follow Fox News, Epoch Times, Newsmax and OAN!

with the inflation, everyone is going to a millionaire soon

The stock market will turn around when the country gets mature management again

This was 100% preventable.

Probably will get worse until a Republican is back in office

LetsGoBrandon.

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Receding share buybacks imperil ‘pillar of support’ for U.S. stock market in 2023Stock buybacks may be peaking, removing ‘a potential pillar of support’ for earnings per share in 2023, according to RBC Capital Markets. They weren't pillars of support. They were devices used to inflate bubbles and pay C-suite executives their ill gotten gains. But I understand that you are paid to promote that. It's your job.
ソース: MarketWatch - 🏆 3. / 97 続きを読む »