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If you don't mind my asking, how much further down do you think the S&P 500 will go? It's currently down 16.8% from its ATH on Jan 3, 2022 (according to the NAV's of a favorite index fund).

Long term I'm expecting it to drop at least 45% to be on par with the 2000 drop (49%) and 2007 drop (56%). Each of those took a long time (2 and a half years, and 1 and a half year) to go from ATH to market bottom, much like this bear seems to be doing.

I was out of equities in 2019 and 2020 expecting a long drop then too. But I jumped back in as soon as the S&P 500 dropped 30% in 2 months because it dropped quickly (30% in 2 months) and looked more like 1987 (quick drop of 30% then rebound) than the 2000-2002 and 2007-2009 bears.

6 posted on 03/07/2023 12:50:51 PM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)

To: Tell It Right

I think the S&P will lose a third of its value or more. Printing trillions in monopoly money is going to kill us.

11 posted on 03/07/2023 1:01:41 PM PST by fwdude (Society has been fully polarized now, and you have to decide on which pole you want to be found.)

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