Posted on 04/15/2016 12:51:36 PM PDT by Innovative
Indeed, thanks to a number of global pressures including fears of a worldwide economic slowdown, Wall Street saw the worst-ever 10-day start to a year in January. The major averages saw steep declines that sent the Dow Jones Industrial Average and the Nasdaq Composite into correction territory.
However, Wall Street has managed to claw back from steep year-to-date losses – with the Dow back in positive territory for the period -- as U.S. economic data show the domestic economy remains on the path to recovery and the Federal Reserve continues to hint more rate hikes are in store for the back half of 2016.
(Excerpt) Read more at foxbusiness.com ...
I don’t know what to say except prepare as you feel led, if you feel led to.
Look up.
You can ‘predict’ any market downturn you like and it will eventually come true. Just keep predicting. In the meantime, buy and hold.
I sold and will not get back in until 1 year after the November election.
I guess it has to max out when there are no more jobs to send from the US; the best way to drive up stock prices (and therefore the market) is to cut American jobs.
I know of only one guy who sold at the top of the tech boom.
One of my friends panicked as the boom got legs and sold out because he feared was near the top. He took his licks and bought back in after realizing the bull was nowhere near done. Me? I wanted a little higher risk in a mutual fund and rode the Janus 20 to the moon, getting out as markets were faltering and Janus crashing. The only selling I’ve done since is the required annual withdrawal. Yes, I took a hit when Obama won, but until just recently, that had all been recovered and then some. It think it was at DOW 18000.
Buy, diversify, and hold.
Him and everybody else.
What little, and I mean very little money I had in something like a 401(k) I had to cash out and pay the fines come tax time. Years ago.
The very small amount I had left, I moved to bonds at 12,000 - it hit nearly 14,000 as I recall but that was before the 6,2xx thingy not all that long after that.
When I sold the first (the part I had to take the penalty for) the broker said “Well, you’re one of very few I can say actually made money”.
I think you made the right decision.
But, buy what?
And why exactly should I be interested in an AUTHOR’s opinion concerning the STOCK MARKET?
How about this headline:
Janitor with inspiring tattoo on his face and neck predict market downturn in 2016.
Interested?
That figures. I’m not surprised at all.
Reminds me of the “free smoothies” guys. They were real smoothies, alright. They’d ship (with your credit card, of course). Then bill you for the whole thing if you didn’t ship 1/2 back within a short time period.
I never ordered but thought it was a scam.
The above was never disclosed in their “free!” ad which ran incessantly here in the Midwest.
Maybe it was in super-fine print at the bottom of the screen.
Most investment companies measure their performance against a basket of stocks, the S&P 500. Few ever outperform the 500, and none do so for extended periods. If your company is equaling the return of the 500, kudos unto them. Which brings up the suggestion that a mutual fund that mirrors their purchases with the makeup of the 500 index (these and other firms mirroring other indexes are called index funds) will, by definition, mirror the return of the 500. These are S&P 500 funds, and like most other index funds, since there is no need to hire and pay for market analysts to determine what stocks to buy, it figures the expense of running an index firm would be very low. And that turns out to be true.
Best buy for risk/performance and lowest fees? An S&P 500 index fund.
The DOW will see 10,000 before it sees 20,000. Silver and gold morning stocks are the way to go these days. Some have doubled in the last 3 months.
That would be “mining” not “morning”. Autocorrect strikes again.
And keep buying when the market is down. It will eventually come back and those cheap stocks will rise. Dollar cost averaging. If you panicked and got out in '87 or '08 you got left behind.
Absolutely. Think of a down market as “Wall Street is having a sale.”
I agree, and there are some bargains out there right now!
That is what I always do; buy and hold.
Rob Kirby-Dollar Devaluation Clock About to Strike Midnight
https://www.youtube.com/watch?v=9FI01zevYxM
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