I’m predicting the S&P 500 to drop a total of 30% before I buy back into equities. And that’s if it reaches that point soon (in a month or two). It dropped 30% quickly in 1987 (3 months) and 2020 (1 month) and immediately reversed and made nice gains. But in dropped 49% slowly in 2000 (March 2000 to fall of 2002) and 56% in 2008 (Oct 2007 to March 2009) before it started making gains.
Tesla will vote for a stock split either in early June or August. I am thinking of buying shortly before and hope it repeats what it did a few years ago. It almost doubled then went up from about $400 to $1,000. I am hoping to double but will settle for 50% profit : )
The last time was August 2020 and it split 5-1 and when they announced the split the stock went up from about $1,300 to just over $2,000 in just 3 weeks. It had started to rise quite a bit prior to the announcement.
Once it split it was up to $1,000 by January. It did not do much of anything and dropped a few hundred last year till earlier in this year but has since dropped quite a bit due to Elon Musk wanting to buy Twitter plus problems with his Tesla cars.