Peter Navarro to Small Investors: ‘Don’t Panic, They Want You to Sell, You Can’t Take a Loss Until You Sell’

EXCERPT:

NAVARRO: “In the end, they supported Trump. I mean, they’re just like trying to put their bets where — whatever. Look, here’s the thing I want to say to small investors, don’t panic. They want you to sell. You can’t take a loss until you sell. And what I see is 50,000 on the Dow. I predicted in 2016, the day after president got elected, back then when the futures were dead red down, I said we’re going to go to 25,000. I got that exactly right. We’re going to 50, but more importantly, with the S&P 500, the gains we’ve had over the last couple of years have been basically seven stocks, the magnificent 7, the AIs. Most of the stocks in the S&P 500 have gone nowhere. Now they’re going to go crazy. They’re going to go so bullish because we’re bringing our investment home. The other thing I want to say is we’ve got countries coming to us, Laura, with the zero-zero. It’s like, we’ll put our tariffs down finally if you’ll put yours down. That’s not the big problem.”