Yeah, if your 401K was declining the person you needed to blame was you. LOLLOLOur 401k keeps going up, and all yer, up to the election, it was slowing declining.
"Up to the election," the Dow went from 6500 to 18300.
But, as everyone should know, the Dow is really a short term (year or so) indicator of investor sentiments. And, Trump will relax regs, the economy is already growing, rates will go up, which will keep the dollar high and attract foreign capital.
The question will be whether it's a bubble burst as we saw at the end of W. Unless we reduce the deficit to GNP ratio, it inevitably will be a bubble burst. And the lack of credit regulation back in the 2000's should give everyone fear.
Doesn't matter much to the vast majority of people, as the financial sector is still sucking up almost all of the productivity gains as they have since the 1970's and not much is 'trickling down', so consumer spending will still be stagnant as ever, and will never ever catch up with the inflation cycle we've had since the 1970's either. The low fuel prices are going to go away.