[Tell It Right]

I'm waiting until the S&P 500 drops to 30% from ATH before I buy back in. And that's if it drops down quickly (ala 2020 and 1987), although it's already taken 4 months to drop 18%. (2020 took 1 month to drop 30%, 1987 took 3 months to drop 30%).

If it takes too much longer to reach the 30% mark I'll wait until it's down 40% (dot-com burst took 2 and half years to drop 49%, mortgage meltdown took 1 and a half years to drop 56%).

[aquila48]

“If it takes too much longer to reach the 30% mark I’ll wait until it’s down 40% (dot-com burst took 2 and half years to drop 49%, mortgage meltdown took 1 and a half years to drop 56%).”

This does smell more like those two, but probably not as severe. But it’s definitely not going to be a V type recovery.

The bite of the significantly higher interest rates haven’t started to be felt yet. Higher unemployment and a recession seem almost unavoidable, if you’re going to bring inflation down.