[aquila48]

NASDAQ is up now.

The market is so volatile that what is headline now will be the reverse in 10 minutes.

It’s in a state of fibrillation. Usually such a state indicates that a floor or a top is getting close to being reached.

The bears have been on a rout recently. The bulls are trying to make a stand, but there aren’t any catalysts on the horizon that favor the bulls, except for the fact that the indexes have been so trashed that bargain hunters are starting to dip their toes in the water.

Things that might favor the bulls are if the Russian war ends, the Rats are routed in the coming elections, and inflation starts coming down.

So what are you going to do, start dipping your toes in the water or wait longer?

One thing that is for sure is that sooner or later things will turn around - always have.

[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%).