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and latter thirds of bull markets historically are very very strong
Correct. There is usually a last blow-out phase. The market has been very strong ytd. Was it a blowout? Have no idea. Don't believe anybody who thinks they know. Almost no one is able to accurately predict tops and bottoms.
Anyone venture to guess what happens next week? Personally I have no idea,
My guess is that we will see a run up, I plan to buy a bit more of SP500 index at a small discount now.
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and don't have a huge stake in the stock market (25%) since I'm already retired and don't need the money. Just the icing on the cake. I know back in 2008 it affected many folks who were getting ready to retire.
if it affected them then it was their own fault for keeping such an high equity allocation when they were retiring... if they had 20-25% equities they could've just relied on their 75% while their 25% gradually bounced back.
if it affected them then it was their own fault for keeping such an high equity allocation when they were retiring... if they had 20-25% equities they could've just relied on their 75% while their 25% gradually bounced back.
for anyone retiring in 2008 with a 60/40 mix if they did nothing and just retired and did not panic and sell , 10 years in they are no different than any other average retiree group . it was a non event in the scheme of things. 2008 is not a good example because while it looked devastating it really wasn't unless you exhibited bad behavior .
The euphoria stage...exhibit A....people discussing their 401k's & how much they're up.
I don't think we are in a euphoria stage and the panic that people are feeling after a 3.5% correction I think is a perfect demonstration of that. I think we are still in optimism and stuff like rates rising are not precursors to bear markets....
I don't think we are in a euphoria stage and the panic that people are feeling after a 3.5% correction I think is a perfect demonstration of that. I think we are still in optimism and stuff like rates rising are not precursors to bear markets....
If it is the start if something bigger, the market will go up, people will jump back in, and then lower lows will be made. I just don't trust the FED; it may well step back in to artificially prop things up (possibly by not raising rates, which would be a terrible move for the long-term health of the economy).
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