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originally posted by: Metallicus
The market is down because Democrats gained control of the House.
Regardless, this will be a buying opportunity for people like me. I look forward to making money off of the unfounded panic of other pessimistic investors and institutions.
originally posted by: Nyiah
originally posted by: toysforadults
a reply to: Irishhaf
Yeah. Just like business and people would become more confident and take out loans during a Trump presidency.
Actually, the banks we approached for an auto loan (including ours) last year were significantly more rigid in their baseline criteria to meet than when we'd approached for a possible mortgage in '15. The loan officer at our bank very bluntly said they weren't buying Trump's prosperity line at all, and they tightened their criteria out of caution.
We did eventually get that auto loan, but it was like pulling teeth to get it. Our credit & credit history is fine, they just weren't particularly willing to loan. To anyone.