Well, whatever it is, like other calamities will essentially dissipate and the market will find a new base to work off of.
I know so many people that are professional advisors. I’ll let you all in on a secret. Not ONE of us that has done this for a while will claim to “KNOW”. We have been too humbled and humiliated over the years, and seen too many “knowing” colleagues get tossed out of this business which is VICIOUS to people that think....”they know”.
There are fundamentals of investing, that require patience and humility. When you follow those, you will probably do ok...probably....
These nervous Nelly posts at FR. If you were to study them you’d find this...
They go for about 3-6 months most of the time. The market has typically slowly eroded before the first of these posts get started. Then, they start becoming frequent, and occasionally they hit the “breaking news” bar.
After 2 months of Nervous Nelly posts, the market is typically a screaming buy, but there might be another 2-3 months of trouble.
Usually, some Freeper becomes the bully naysayer I told you so that claims that YOU should have listened to him...
All a sudden, the market goes up, then it goes up more, the last thread about this is someone saying that there is more trouble to come, sell after the dead cat bounce and even if there is a recovery coming it will be an L shaped recovery.
So, in my opinion which is worth about 2 cents for market timing...we might have a bit more trouble to come since this market is only in the 10th month of a downturn and usually the stuff goes on for 18-24 months.
I wouldn’t be surprised if we turn things around in January, but again, it’s all guess work on that short a term. Longer term, I do think that the US economy is pretty solid and we might see pretty good returns over the next 3-5 yrs. Because the last 3-5 yrs are way under mean.