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All this bluster and no one can tell me an exact date the market will hit bottom. Until someone can do that I’ll dollar cost average because I have no faith in my ability to know when to sell and then when to re-enter the market. If it goes down 40%, I’ll buy on sale and watch it reach new highs over the coming years (or months as it has done this year).
The only ones being political are the ones telling us the sky is falling and we need to ignore decades and decades of hard data that politics don’t matter when it comes to market performance. “Unprecedented” events happen continually. There are short term impacts to these events but over the long term the market comes back and reaches new heights. I can’t stand Trump. But I’m not deluded by short term thinking. If I was I would have sold in April and be absolutely livid with myself now. |
One of the PPs who thinks a major slow down is coming- and I agree with you, its hard to say when (how could anyone?), and I am not shifting my overall strategy, because my target retirement account is already pretty internationally diversified and is about 25% bonds. |
People can say anything they want online to fit their narrative, so what you accuse others of doing easily applies to you. I am dubious at many of the claims, in part most people have little appetite or lack the nerves to actually gamble with their money. Best is to stick with the market and ride it out. |
Okay, guess we’ll see who comes out ahead. I’m pretty sure I can see what’s coming and it’s not great. I’m going to move my 401k from 80% intenational stocks and 20% domestic into gold and bonds in a few months to be defensive. When the crash comes I will buy more mutual funds like VFIAX. My taxable account is mostly gold miners and spot gold ETFs at this point. I’m holding for at least another 6 months. I have tech stocks ETFs in there too. Many are leveraged. I’m holding those for a couple more months. But with the gold I should be well positioned to sell that for stocks when they drop drastically in value. I predict that will happen within two years. I don’t have a date for you. No one does. But clearly inflation is bad and so are THE REAL job numbers. Gold has been skyrocketing. Wall Street is now relying on alternate data sets (read the Wall Street journal article on that) to supplement traditional sources of info. After all the coming rate cuts and the QE the outlook is pretty shtty. Hope you won’t need your retirement money in the next 5 years because it will be half or less of what you invested. |
I think it's probably 3 years since Trump is willing to go full blown socialism when he wants. I doubt he only relies on rate cuts and QE. |
A lot will depend on the result of the midterms. They're already going full on with a command economy. |
See this is the political nonsense. This is not a command economy and does not even come close. |
Yes and that is solid. Real facts are good. People who follow politics will get killed here. And no tarrifs have not impacted the economy in any meaningful way. No one cares about soybean farmers. |
| I think we’ll know more when the SC rules on the tariffs. So much rests on this decision. |
You don’t think the market cares about a $12.5 billion loss? Mmkay. |
| This market reminds me a lot of the post Covid market. There was a crash in March 2020 then everything went straight up, defying gravity for longer than you could have ever imagined even though the economy was in the crapper. I got burned then (moved money out in August 2020 and missed significant further gains) so I'm hesitant to repeat the same mistake. |
| What’s happening is that the tarriffs are good for the US but no one will admit this in polite company. It’s why the market is up but no one will admit it. |
| +1 about the tariffs being a huge boost to the US economy |
| Chicken Littles having a party here!! |
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Hmm. We are in complex time compared to recent years. The U.S. dollar has dropped 10% and is likely to drop another 10%. So, that means it is cheaper to invest in U.S. companies from money overseas. That will prop up the market somewhat. But there is also likely to be a normal 10% correction next year at some point. SandP is overvalued due to the magnificent seven. So due to this and the currency issues it probably makes sense to invest in value, mid cap and overseas stocks. But the Fed is expected to drop interest rates a few more times as well. That’s probably already priced into the market and one of the reasons things are already so high.
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