One question top of mind of many readers is whether the stock market will crash in 2017, after a gigantic 7 year bull market. Although scandal caught the public attention and provided desirable scapegoats, it would be wrong, nonetheless, to see financial malpractice as other than a very minor contribution to stock market misfortune. The way stocks are going so far in 2016, it doesn’t look like it will be a great year for investors. It didn’t recover all the way to back to its peak value of 1929 until the middle of the 1950s.
Many investors who had directly experienced the market at its most capricious called for some level of state regulation, especially as there was a lingering suspicion that unfair practices may have been responsible for the debacle. During the final three months before election day, if the stock market goes up the incumbent party almost always …Read More »