Um, no.
I'm not saying eff the poor, that's stupid. I'm saying that if they are truly hurting, it's going to be a great thing for them to be able to pay bills but they aren't as likely to go out and spend it on the items that boost our economy, that make consumer confidence grow. I'm also saying that there is this whole "eff the rich" mentality when "rich" is a relative term.
I guess we'll see though. I think it is most important to boost our economy as it relates to the rest of the world, the dollar is in pretty pitiful shape right now but your average person doesn't seem to worry about that at all.
I've talked to other financial professionals about this and have heard varying opinions.... someone I know who is a trader said "It's just another day on the market" meaning it's not that big of a deal, just normal ups and downs. He told me to be happy that my 401K was buying cheap right now, it will pay off in the long run. But others say we're on the edge of a recession. I'm not sure, a lot of it may be just fear because it's such a big item in the news right now and it's an election year.
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