Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I don't believe the S&P 500 will slip into a full-fledged correction this summer.
Wouldn't be surprised to see the index continue to pull back into, say, that 1,980 area, but who knows.
Also wouldn't be surprised if the Fed throws another head fake and holds off on a rate hike next month.
At any rate, despite the uncertainty caused by having a stone-cold con artist (Trump) running for POTUS, I still think we could see a new record-high close for the S&P this summer.
My local credit union is offering 1.5% CDs. If you can't do better than that, maybe equities are not for you.
1.5% cumulative annual rate of return since December 2014 is actually quite decent. There are plenty of times when equities underperform. The great quandary – as mentioned ubiquitously, even in this thread – is anticipating the beginning and the end of such periods. This issue isn't just about the three mini-crashes that we've had since the fall of 2014. It's been a problem for the entire 21st century thus far.
If somebody offered me 1.5% year after year, for 50 years, AFTER inflation, taxes and fees – I'd take it.
Quote:
Originally Posted by ContrarianEcon
I looked back at the highs and the lows from 2008 on. 15,000 on the DOW is as low as the FED has let it go lately. So more of the same.
(Unless the FED loses control then we will get the crash...) Bet on 15,000 as the bottom.
Once again: how does the Fed have "control"? Fat white-haired men in pinstriped suits in a smoky room?
The job of public-sector influence is to enforce the rule of law, to assuage investors' fears about rampant mismanagement or dumb jolting from one novelty to another, to preclude (to the extent possible) fraud and cheating. Governments can (and should) intervene in catastrophic times, but their doing so, even in the best of circumstances, is no insurance against stock market collapse.
Why is there so much strident insistence of this Forum, that the Fed somehow "controls" the stock market?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
