My earlier predictions posted on FR will have the S&P 500 dropping to 3400 before any support is found in the market.
That being said: “Remember the old saying: Do not grab a falling knife”.
It could get much worse than 3400.
So what do you do, run to cash which is losing 15%+ per year and accelerating?
We are so screwed.
that must be the deflationary bust that Cathie Wood was warning us all about!
That depends on how long you plan to hold the SPX index fund. On a 3-5 year hold basis, 3400 level could yield very decent profit. I would not buy any stocks right now if the money will be needed within 12-18 months.
Given where it is with just the raising of rates this little bit... add more rate increases and recession and then what?
The democraps have absolutely wrecked the markets and the economy.