Posted on 04/29/2022 2:44:37 PM PDT by ConservativeInPA
Despite the stock market's recent sell-off, sticking to your investment plan is still the best strategy. There's evidence that the market may bounce soon in what is known as a relief rally.
It's important to remember that even though this year has been tough, the stock market always rebounds eventually. The market has been tough this year.
Really tough.
Year-to-date, the S&P 500 is in correction territory, down over 12%, and the NASDAQ? Forget about it. It's in a bear market, down over 20%. You don't even want to know how much some of last year's high-flyers are down. Let's just say it's a lot.
If your portfolio is a sea of red, your head may be spinning.
It will be Okay.
It may not be tomorrow, next month, or this year, but the stock market is a fantastic wealth generation machine, and over time, the dramatic sell-off we're experiencing will simply be another data point on a chart.
(Excerpt) Read more at msn.com ...
Dow 30 - down 2.77%
S&P 500 - down 3.63%
NASDAQ - down 4.17%
Russell 2000 - down 2.81%
Inflation we have. Recession has started. Unemployment is next.
Elections have consequences. Stolen elections have catastrophic consequences.
Abuse a Democrat today.
Abuse a Democrat today.
*************
The Republicans will rush to comfort them if you do.
I agree that the only way to deal with Democrats is to put them on defense. But the GOP doesn’t see it that way.
That is Wall Street. Main Street is already in deep trouble.
Stagflation abounds. Welcome back, Carter. Like you never left.
???? I’m actually puzzled that the DOW did so well considering we just found out we are in a recession. Call me stupid but I’m thinking you have to be nuts to buy equities at the start of a recession.
I have a dollar amount at which I am prepared to pull out of the market. So far this year, I have come within a dollar of that level twice.
How can he make such a blanket statement? If the plan is bad, you shouldn't stick with it at all.
Stolen elections have consequences.
We were flying high with Trump. It has been a colossal disaster since the election was stolen.
Most of the recession has already been baked in to the price.
....maybe....I do think last night’s number was a surprise though. On a personal basis, I will only look for good value now at rock bottom prices. Or buy gold. Or stay in cash. Was aiming to load up on a Canadian airline stock, but if we are in a recession ....
Nope. Went to 80% cash a few weeks back. Rest in AMR and gold.
>>Or stay in cash.
I am about 75% cash, waiting for a reentry point - but we aren’t there yet...
Told everyone that would listen (not here) that if Biden was elected it was time to get out of the market.
I don’t have a crystal ball. No one does. We may be in a great bear market for the next two and half years as the Biden administration trudges along. If Trump is (re)elected in 2024, I’d imagine that the bull market of his first term would be back in a huge way. If Dementia Joe (or Semi-Ambulatory Corpse Joe, by that point) wins 2024, forget it. This country is finally and officially over at that point.
I’ve been “in the market” for a little more than 50 years.
Ups and downs for sure but over all it’s been very kind to me.
Im bullish on catalytic converters
He wasn’t really elected though is the problem
i am thinking 27K is a good number for the Dow.
If you need the money that badly right now, you shouldn't be in the market in the first place.
“”””There’s evidence that the market may bounce soon in what is known as a relief rally.””””
The stock market has already had its relief rally bounce and that ended in March.
The future looks very gloomy for the equity markets going forward.
The markets are over priced. The price/earnings ratio for the S&P 500 is above 70. For decades the price/earnings ratio for the S&P 500 was under 20.
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