The Dow is measured in US dollars and inflation is just getting started. It can go to 100,000 and leave with you with a lot less real value in your retirement accounts than you have today.
When Trump was elected (the first time) the Dow was about 18000 IIRC.
Contrarian sell signal
The VXX hit a 52 week low today.
I cannot imagine a straight shot up another 10% without a pullback.
all that trillions in printed money has to go somewhere.
ain’t worth a plugged nickel in 1960 money.
The numbers must be adjusted for inflation. Since the gubmint started giving out free dollars, the dollar doesn’t buy what it used to.
Well you can’t put your money in ANY bonds.
Whatever your risk tolerance is, the time to get in may be at the next big multi-day sell-off or moderate correction. You could wait until the next bear market but nobody is predicting that, and if anyone is, they’re probably not going to find many who will agree that now.
The DOW means nothing anymore, it is all fake propped up by fait money.
The DOW is also headed to 50,000.
It’s just a question of when and of how much volatility between now and then.
1.00 US Dollar =
361.9 Zimbabwean Dollars
1 ZWD = 0.00276319 USD
We use midmarket rates
They see why
For the past 35+ years, I simply ensured that at least 10% of my income (including my company's 401k match) was going into my 401k plan. For most of that time, I had about 80% of it allocated to stocks. Basically S&P 500 index type funds and more recently what is called target funds (where your allocation between stocks and safer funds changes as you approach your target retirement age).
I never messed with it. I just left it alone. I never tried "timing" the market. I didn't panic during "crashes" like we saw in 1987, 2000 and 2007/2008. In fact, during those times, I didn't change a thing, realizing that my bi-weekly contributions were now buying stocks at a much lower price (dollar cost averaging) and eventually I rode the market back up in much better shape than I was before.
I'm no Warren Buffet. I'm not even smart about investing. In fact, I know very little how it all works. So I never broke a sweat when the markets went down, I never lost sleep when my 401k balance dropped 30% or so back in 2007/2008 - I just let it ride. Never once contemplated taking my money out of the stock market. And now as I approach my target retirement age, it's sitting nicely in seven figures.
Slow and steady is the way to go. Don't overthink it.
Tulip bulbs
” What are your predictions? I do not know what to think anymore. Market always does well when dems are in power. I think we will have a 2000-3000 correction this year then 40,000 by end of 2022.”
While we are WAY past due for a market correction, the absolute shellacking the democrats took this week, and the apparent hard stop on Biden’s agenda may keep the market on an upward trend.
The market does well when there is political gridlock.
Where else are you going to invest?
It’s completely unhinged from reality, so who knows what will happen.
Prediction:
This market is part of the plan to ‘reset’ America.
You won’t recognize it afterwards.
Pfft. I remember when the Dow at 800 was supposed to a good year. Means nothing with inflation. You still lose.
``> I think we will have a 2000-3000 correction this year then 40,000 by end of 2022.
And you may be right.
My expectation is rocky advance until Feb 2022 and then a huge correction.
And I could be wrong (It happened once in the 80’s).
Fake money printed on Government presses.