Posted on 05/19/2022 6:41:15 AM PDT by Tell It Right
Stock were under pressure again on Thursday with the S&P 500 on the brink of a bear market. Investors continued to dump equities on fears Federal Reserve rate hikes to fight rapid inflation would tip the economy into a recession.
S&P 500 dropped 0.8% a day after the benchmark closed at 3,923.68, or 18.6% below its intraday record reached in January. It also sits around 18% below its record closing level. A close of 20% or more below its all-time high would mark a bear market, its first since the March 2020 pandemic sell-off.
(Excerpt) Read more at cnbc.com ...
I'm staying out of the market until it's down at least 30%. (from a perspective of active investing, not day trading or buy-and-hold)
Falling knives.
Gees. What did these so-called economic experts expect?
On the brink? It’s already there. We’re in a recession already but officially I guess they need to wait for the 2nd quarter.
The most used definition of a “bear market” is when a major market index (in this case the S&P 500) is down 20% from its all time high (ATH). And unless you’re a day trader or at least a swing trader, it usually means the closing ATH, not intraday ATH.
I retired at the end of 2019. The plan was to pad my TSP for 4 more years in a Trump economy.....instead my TSP is for the time being just a savings account.
I bailed out of the S&P 500 around February.
If I didn’t know better I’d say a person or persons are making every effort to inflict as much pain and suffering on the American people as possible.......but that can’t be.....can it?
“On the brink? It’s already there. We’re in a recession already but officially I guess they need to wait for the 2nd quarter.”
They hate to say it because of the emotional impact on some investors. But I agree with you.
Dow crashing, again, down over 400 points.
Stolen elections have consequences. Nobody trusts a post-Christian Banana Republic to honor its commitments.
I agree that we are in a recession.
However, I predict that "officially" the 2nd quarter GDP will show tiny growth. So, "officially", the economy won't be in a recession during the November election.
If they were to make a conscious effort to inflict economic pain on Americans, what would they do different?
a more useful indicator is the trend....markets go up and down of course, higher highs and higher lows form rising channel on a chart. then it tops and rolls over and lower highs and lower lows form a falling channel....
Forgot my sarc tag
Not needed. I got it.
Good idea - wait till it bottoms out everyone please just hold out we may have a recession to go through 🤪
I’m thinking that S&P will go down to 2800-2900 and drift that way for about 2-3 years unless the democrats/RINO/deep state want to “help” then we’re looking at S&P 2500-2600 for 5-10 years of just bouncing around with inflation eating away at the middle class and Jimmy Carter will look like a God compared to Biden.
I think cash % up to 40-45% at this time will be a great way to pick up bargains.
Noooooooo!!!!!!!!!
Imho the correct way to figure out “bargains” is ignore the numbers and watch the psychology of people.
The time to buy is when virtually everyone has freaked out...you want to see every Freeper saying the magic words...
“I am never putting money in the stock market ever again...”
Then you buy!
The Dow is not crashing - it’s at around 31,000 and it was down around 400 pounds.
Be patient, Biden will crash the markets.
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