Posted on 08/08/2022 8:26:58 AM PDT by millenial4freedom
A recession? Don’t tell that to the stock market. The major averages ended positive for the week. That came after the best month for the S&P 500 (^GSPC) since November 2020. Granted, the Nasdaq Composite (^IXIC) is still 20% down year-to-date, and the S&P 500 is 13% in the red. But the recent rally in the markets has some investors wondering if we're watching a turning point, and if it's safe to buy. In continuation of our series “What to do in a bear market,” Yahoo Finance asked the experts.
(Excerpt) Read more at aol.com ...
Sounds like flip a coin.
Its going to get worse before it gets better...dollar cost averaging is the best you can do.
Market timing is foolish
BUY!
SELL!
BUY!
“Market timing is foolish”
...because wise investors keep their money in a bank account at 0% during 14% inflation.
...buy high, sell low = “not timing the market”
More to the point is, what should we be selling short, to maximize gains going into this historic pullback?
“More to the point is, what should we be selling short, “
What are you shorting?
Americans suffered a 2-DAY RECESSION!
How will they ever recover?
Biden is still in office, so the correct answer is “Only if you believe Biden can do no more harm”
where would you put it?
I follow markets very closely.
The big Wall Street banks (JPMC, Morgan Stanley, etc) are all over the map on their year end targets for the S&P 500, as well as whether this is a bear market rally or if it’s the start of a new leg up.
Bottom line as Jack Bogle famously said..”no-one knows nuttin’”.
Unfortunately, our markets have long stopped being about investing and are now not a whole lot different than your favorite game in Vegas. No connection to fundamentals or anything else. It’s all pretty much momentum and algorithmic trading one way or the other, and can turn on a dime on the smallest rumor or bit of news.
My “gut” tells me there’s more downside from here, which would be in line with what Mike Wilson (Chief Investment Strategy guy at Morgan Stanley) believes also. But who knows..
“Unfortunately, our markets have long stopped being about investing and are now not a whole lot different than your favorite game in Vegas.”
Why do you keep posting this nonsense?
“… what should we be selling short…”
With inflation and an uncertain economy, I would think non-essential purchases would decrease. Entertainment and vacation businesses, restaurant chains, leisure and specialty items for the middle class would be good targets.
I’m in Brazilian stocks, particularly PBR. Brazil raised interest rates 2 years ago. Risky but working well so far this year.
Crypto currency.
My prediction:
Biden drones will launch their US Crypto dollar. New IRS stormtroopers will play megalomania learning how to turn American purchasing, savings, cash on hand, off and on, with fines, penalties, confiscation.
In parallel, the World Bank, the IMF, the CFTC, will clamp down on non-governmental Crypto unless Crypto and wallets agree to abide by a slew of crushing regulations.
At some point, politics will change, people will ditch their US Crypto Dollars and trade with Crypto that doesn’t dictate their lives.
For now, for maybe a month, Crypto is inching along and poking up a tad, seeing a quiet period while the CFTC is busy with Biden persons arranging the furniture.
But rest assured Crypto is targeted by financial class silk suits on government contracts.
I'd add government pumping money in to that list.
I know people who try to "day trade" with their retirement money which always ends up burning them in the end.
Get a good mix of funds into your portfolio, allocate between bonds and stocks according to your age, and you will be fine in the long run.
Also, if the markets and the economy totally collapse, as the doom and gloomers are always wailing about, well then we are all equally screwed. So I don't lose sleep over that.
Exactly.
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