Dr. Ron Caskey - PhD, ThD
Toll Free: 1-877-218-1972
rc@roncaskey.com
Able to do business in all 50 states!

DOW and S&P Negative for The Year


January 1st, 2016 10:12 AM

DOW and S&P Negative for The Year

As 2015 wrapped up so did a year in the financial markets. A year in which many of us would rather forget. The DOW Jones Industrial Average finished the year down -2.23% and the S&P 500 finished down -.72%.

We saw a great deal of volatility throughout the year. Oil finished the year below $38 per barrel and lost over 38% of its value due to large supply, and little demand.

There were massive financial problems in Greece where ATM machines were empty, and banks were closed. Once banks reopened, there were limits to how much money people could withdraw.

China’s financial markets were an area of concern all year long and worries that China could see a 2008 type event is still on the table.

It wasn’t particularly a good year for investors and the volatility will likely continue.

 

In 2016 we will likely see oil prices continue to fall and scare investors every other week. As long as middle east oil is flooding the market the downward pressure on oil will continue.

Violence in the middle east could continue to escalate and we are likely to see global tensions rise even more as Turkey and Russia try to show their dominance in the region. Not to mention Obamas buring desire to see President Assad leave who is untimely supported by Vladimir Putin.

The United States national debt will continue to grow until we get a change in leadership. Congress recently passed their 2016 budget and unfortunately it exceeds previous year’s spending. Some Republican candidates have talked about reducing our national debt through wasteful spending cuts but we have yet to hear how Hillary would reduce our debt or if she would even try.

Medical premiums are already starting to increase for 2016. If the Affordable Care Act worked, why would premiums be going up so soon after the law was passed? Funny, I thought we would save $2500 a year. This doesn’t make much sense if premiums continue to rise.

Can you think of any positive financial news over the next year? How about this? Can you think of negative points that I didn’t mention that might make things worse in 2016? It can’t be a good sign when you can think of so many negatives and no positives. Here are some more.

  • Median family income is down.
  • Money printing and financial market manipulations continue.
  • Number of home owners is going down.
  • Labor force participation rate is down.
  • We have a new student loan crisis brewing and a ton of entitled millennials who want everything including college for free..
  • Food stamps and welfare programs are at an all-time high.

The United States anemic growth is not enough to fix all these problems. Furthermore, Obama is in the fourth quarter and has reached the point in his term where presidents tend to do whatever they feel like doing before the door hits them in the butt on the way out.

What does Obama have in store for us in 2016. We have already heard talks about executive actions on guns and GITMO, but what about our economy?

In 2008, our economy was Americas number one concern. Since the “Shovel Ready Jobs” were not so “Shovel Ready”, the economy and jobs continue to be the top concern for Americans almost 8 years later. Printing more money doesn’t fix an economy, it stops the bleeding. It’s a tourniquet in a situation where surgery is needed.

You know, if your blood stops flowing properly, you are more likely to develop a life ending blood clot. The big question is, is it already too late to get our financial markets flowing again and do any of the Washington D.C. politicians care?

Free Financial Retirement Kit

Get Instant Access To Your Financial Retirement Kit

Get It Now!


Next Live Online Webinar!

December 11, 2018, 8:00 pm Central Time

Brand New Live Webinar With Dr. Caskey!

"Financial Tips For The End Of The Year". Don't wait! Sign up for the webinar now. They are fast, fun, and I guarantee you will learn something new. Simple retirement education that will help you in the future.


Register For Webinar!


Disclaimer - Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Bonus annuities may include higher surrender charges, longer surrender periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don't offer a bonus. By responding you may be contacted by an insurance agent. Annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of principal and credited interest, and the reassurance of a death benefit for beneficiaries.


About Dr. Ron Caskey

Dr. Caskey has over 30 years experience as a trusted financial professional. Over the past three decades, he has helped scores of valued clients create, protect, and distribute wealth in an effort to greatly enhance their overall quality of life. He lives with his wife Jeannine in Firestone, Colorado. They have raised 5 kids and have 11 grandkids.

Dr. Caskey's top priorty is working with you to both learn about your particular situation and to make sure you are fully educated so that together we can find the solutions that work best for your particular situation.

*Disclaimer* - *Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Bonus annuities may include higher surrender charges, longer surrender periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don’t offer a bonus. By responding you may be contacted by an insurance agent. Annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of principal and credited interest, and the reassurance of a death benefit for beneficiaries. This website and its contents, downloads, videos and audio files are designed to provide general information on the subjects covered and is provided to you for informational purposes only. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Ron Caskey does not give legal or tax advice. Please consult your tax advisor or attorney. Ron Caskey is a registered and licensed insurance agent resident in the state of Colorado, non resident in multiple other states. This website focuses on insurance products in an attempt to avoid volatility. The term "Safe Money" should not be understood as signifying a guarantee or a guaranteed investment.*
**Additional Disclaimer** - **Here's who and what I am. AND Who and what I am not!
I am not, nor have I ever been, nor do I ever want to be a “Financial Planner, Investment Adviser, Certified Financial Planner”. As a result, I do not provide investment advice, nor do I sell securities. Therefore, I have NEVER, nor will I EVER recommend, suggest, or imply to anyone that they should sell a security or move a security into an Indexed Annuity. I only provide my clients choices in Life Insurance Company Products and explain to customers how the products work. After they get the information, it is my client’s choice, not mine, whether to buy an Insurance Product and what assets to use to do so.**
Copyright 2017
Privacy Policy | Website Terms | Home | Sitemap