You have already missed the most recent localized maximum, which occurred on March 28, 2024. You should have gotten out then and should stay out until December 2, 2024. The S&P 500 will drop to approximately 4000 by that date and will make another turnaround. Is this enough precision for you? |
Wow thanks. Will sell everything tomorrow. Then hold tight until early December. |
We are not in a sideways market. We are in a strong growth market at this point. |
You are not. You have issues. Most of the economy does not. |
DP: Real estate is having serious issues with both the commercial office side not renewing leases due to remote work and homeowner side with people not moving due to rise in interest rates. But this really doesn't seem to be impacting the overall economy because remote work is saving companies and workers money on average and not moving is giving people who would scale up more money to spend on remodeling or other purchases. I have never seen so much large scale remodeling in my neighborhood and so few for sale signs. People are adding major additions rather than move. |
Anecdotal but just ran into my slate roofer while walking my dog. He's working on another house in the neighborhood and I reminded him he hadn't started the repairs we'd agreed to on my roof. He stared blankly at me and said he completely forgot. Been slammed and it's never been so busy in his 30 years of roofing. People definitely staying put and renovating rather than moving. |
Yes. This is a sign that the economy is actually on fire. Not going down. This is in every neighborhood rich, UMC, middle class, and working poor. |
+1 |
I feel like the economy is great! I am a mere fed with a low salary but high job security, and I have personally have almost tripled my net worth since 2020.
|
I just went to a Kohls store after not shopping there in several years and was shocked to see that at least half of the cars there were luxury types - Mercedes, Audi, Acura, Land Rover.
No surprise since I recently went to Vineyard Vines and the mens shorts were $100! |
S&P is now back within spitting distance of the ATH. |
I’ve been watching a YTer Mike Bordenaro who is saying we are. He speaks the facts and one is the illegal immigration fiasco that we have to pay for. |
Um no. Immigrants are filling jobs. We need immigration for a healthy economy and for people to pay into SS to support the boomers. |
Blah blah blah. Illegals are here taking freebies and are not working. We’re talking billions of freebies. Your old story is complete bs. This illegalnimmigration is a f g economic disaster for all of us. |
That’s what they all say. Why don’t you house them since you feel that way. They can still pay into SS, but in return they shouldn’t get handouts. |