I had a couple of questions from readers on why I believe the stock market relates to the likelihood the Park City school bond will pass.<\/p>\n
Here is why I think it may be one of the biggest factors in this year’s election:<\/p>\n
Yesterday the stock market (i.e., the S&P 500) lost about 2% of its value. So, if you had $100,000 in your retirement account, your brokerage account, etc… at the end of the day you had $98,000. Today, as of this post, the market is down another 2%. Now you have $96,000 in your account. Overall, the market is down about 9% from its highs a few months ago. So, if you had $100,000 at the high… now you have $91,000.<\/p>\n
If this trend continues for the next couple of months, a 20% drop from highs isn’t out of the question by election day. Your $100,000 is now $80,000. People haven’t seen losses like that in a long time. If that is then compounded by the dreaded R word (recession), they’ll hear about it every night on the nightly news. <\/p>\n
It’s one thing to spend $56 million when you’re living high on the hog. It’s another thing when you’ve lost 20% of your retirement savings and you are wondering about the future of your job. <\/p>\n
That’s why I think the stock market matters.<\/p>\n
Moe Hickey<\/a>, if you know Janet Yellen<\/a>, you should probably give her a call.<\/p>\n","protected":false},"excerpt":{"rendered":" I had a couple of questions from readers on why I believe the stock market relates to the likelihood the Park City school bond…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[39,22],"tags":[],"_links":{"self":[{"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/posts\/4441"}],"collection":[{"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/comments?post=4441"}],"version-history":[{"count":0,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/posts\/4441\/revisions"}],"wp:attachment":[{"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/media?parent=4441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/categories?post=4441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/tags?post=4441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}