The words “The Dow hit 20,000” may not mean much to you, but if you are lucky enough to have some savings invested somewhere, you probably do know that it is worth more on paper today than it was last October. And you are probably happy about that.
But does this high-rising Dow really mean that our country is on the right track? That could be a possible explanation, if it weren’t for the fact that the stock market is far too moody to behave so simply.
In my opinion, the health of stocks as a whole is a sort of aggregate thermometer of how calm the wealthiest parts of America feel. Money, big money and big institutions, appear to care little about politics and a lot about predictability. The stock market fumbled and finally did it’s housing-bubble fizzle on George Bush’s invasion-laden watch. Then it rose steadily in the midst of Obama’s alleged socialism. I think that those with a lot of money understood that life was stable then, and that there was no real socialism to be found. Stocks floundered in the late stages of the election, hating the whole mess right along with the rest of us. They likely would have risen in relief at the election of either candidate.
I don’t think Mr. Dow (actually short for an index of large companies known as the Dow Jones Industrial Average) got overly excited until Mr. Trump began to put forth his cabinet nominees. As their wealth and ties to institutionalized money became apparent, major investors began to consider that the next four years could be exceptionally good for big business.
But will they be?
I wrote a book about prescience, the ability to see into the future and understand the true likelihood that an event will or won’t occur. Constructing the plot of d4 forced me to spend quite a bit of time considering how such an ability could work. What’s more, several of my characters were attempting to use their prescient skills to make money in the stock market, so I ended up learning quite a bit more about Mr. Dow Jones and all his friends, too.
I think the market will get very nervous if our new president’s ill-considered interactions with foreign governments raise the possibility of an international crisis of some sort. I think the market will become unhappy if the 2016 election results are tied more firmly to Russian influence, and a rocky period will follow until the matter is resolved, possibly with the president’s removal. I think the market will level out and become bumpy if internal protests and unrest continue to grow, or if the 2018 election proves that the majority of the American people truly do want a regime change.
How likely are these events? Well, my talented and courageous character Ariel could answer that question if she were real, but alas, she is not. As her creator, I have no ability to foresee the future. My confidence that the 2016 election could not possibly turn out the way it did certifies that I should not be trusted to make predictions.
But I do have investments. Thanks to a 401K and several years with one company, I have a little account, some financial security and a personal interest in seeing the stock market happy.
And, I have a passion for social justice. I want to see my nation at peace, behaving with compassion and inclusion within our borders and outside of them. I want to see the current administration hamstrung as much as possible regarding its horrible agenda and I want to see it exit as quickly as it can.
These two aren’t compatible interests. I could hang on to my little investments for four more years, hoping that politics goes smoothly and that I will make more money. Or I could sell everything now while the Dow is happy and then hope for the worst for our current regime. Or hedge my bets and do some of both. Oh, if I only knew how this all was going to go.
That’s why the stock market is a gamble. I don’t know what the next four years will bring and neither does anyone else. But I do know that I have to go with my principles instead of my pocketbook. I’m going sell investments and move funds to safety, and then sit back and cheer on any storm that returns America to the compassionate values that I hold dear.