Gabe Plotkin, widely regarded as one of the industry's best traders after posting years of double digit returns, told investors that the last 17 months have been "an incredibly trying time."
17 months? What does that correspond to?
What new event have we also experienced in the last 17 months boys and girls? Can anybody think of it?
Another 10% decline should find a bottom.
Guy on finance show this AM said market will drop another 10% before bottom, then there will be a ‘nice rally’.
Walmart and Target earnings misses = the possible start of a material consumer spending pullback
DJIA futures down about -376 right now
If the Washington printing presses don't slow down and the Federal spending isn't paused Inflation will continue.
Since the political will isn't there to do this, hold on to your hats.
The massive printing of funny money will have long lasting consequences.
Please remember.......
If you don’t sell, you don’t lose.
Here’s what this Pro is saying - this is directly correlated with Biden’s disastrous policies at every level.
A big part of earnings misses is incompetent management. The revenue was there but the expenses were out of control.
Question for everyone relating to this article. Relative has $100,000 to invest. Real estate is too high. Market is going down. Silver is stationary. What, in your opinion is the best investment for $100,000 right now. Just keep it in cash?
People are still buying essentials like food and diapers from those places but aren't buying chinajunk gadgets because that extra money is being used for fuel and food.
There won’t be a rally until Trump is back in office.
I’m not expecting much change until we get rid of the “idiots in charge”.
Here’s a prediction for the future. Although I consider massive deficit spending, restrictive energy production, and unsustainable minimum wage laws to be major causes of inflation, look for politicians to promote government spending to stimulate the economy, new investments in “free and (un)sustainable” energy sources, and higher wages.
For those of you who have not lived through these economic cycles (resets), here’s the end result: The rich get richer and the poor get poorer and a lot of people will suffer for years or decades because of poor governance.
There’s a really big sale on stocks down on Wall Street.
If by chain reaction they mean Joe Biden, well then yes.
-Make my 401K great again.
Some things to consider when the market is in recession according to https://www.investopedia.com:
1. Downturns Tend to be Followed by Upturns. The decline of the asset's value is often temporary and will go back up. If the investor sells when the market is down, they will realize a loss. Research has shown that the average duration of a bear market is 1.4 years, compared with 9.1 years for the average bull market. The average decline of a bear market is 41%, while the average gain of a bull market is 480%.
2. Most Important, you can't time the market. Timing the market can be incredibly difficult, and investors who engage in market timing invariably miss some of the best days of the market. Historically, six of the ten best days in the market occur within two weeks of the ten worst days.2
3. For Long-term Investors, such as someone with a 20- or 30-year investment time horizon, the stock market crash of 2008, the market downturn after the Brexit referendum in 2016, and other dips and drops in the market are likely to have a smaller effect on the long-term performance of their portfolio, compared to someone who sells off during the downturns. That's because what's important to a long-term investor is their own investment goals and a sound investment strategy based on a well-diversified portfolio with a mix of asset classes to keep volatility in check. If you stick with your long-term investment strategy, you shouldn't let emotions like fear and greed change your course of action. If you contribute a certain amount to your portfolio each month, keep doing that! If your target allocation is 80% stocks, 20% bonds, re-allocate when stocks drop to restore your target weights at a relative discount. This advice should not apply if you are close to retirement and do not have the luxury of time to ride out periods of market volatility. In this case, however, you should already be in a more conservative portfolio as retirement approaches. The Bottom Line: Having the patience and discipline to stick with your investment strategy is vitally important in successfully managing any portfolio. And if you have a long-term investment strategy, you'll be far less likely to follow the panicking herd over the cliff. Instead of fear-based selling, use a bear market as an opportunity to buy more—accumulate shares at deep discounts in some cases and allow yourself to diversify, building a more stable base for when thing's eventually do turn around.
It’s been rough the last 17 months? Well we’ve got two+ more years idiot Biden can use to make MORE horrible mistakes.