Due to incompetent Republican leadership of the national government plus some other economic worries, the stock market could be trending down, day after day, week after week. This could be what they call a "bear market."
The silver lining could be public opinion turning against Republican leadership in Congress and the presidency. Meanwhile it could mean US goes into a recession and quite a bit of savings gets lost; at least temporarily.
Money doesn't mean that much to me, but I do have a small amount in a mutual fund. I've been thinking maybe I should have pulled my small amount out of the mutual fund when I saw that Trump had won the election. I predicted that a bear market would be likely going forward. Still, my little account is set to low risk, so it's not that much exposed to stocks.
If I had closed out that little account and put the money into my regular bank account, at least it would be less complexity filling out my tax form. My income is so low, I hardly owe any taxes anyway, but having that fund adds a bit more complexity for figuring out how to fill out the form.
Confusion at IRS due to big layoffs is another topic in the news.
If nothing else, maybe economic problems will change minds. The workings of the economy; like the weather, is one thing that egotistical politicians can't really control. It's something much larger than politics, itself. Technocrats often have a better handle on managing an economy than ideologues.
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