Which way is this market going in 2018? (millionaire, 401k, trust)

[man4857]

Originally Posted by JAMES67

Anyone venture to guess what happens next week? Personally I have no idea, 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.

I think people are going to go home today and read the news and freak out and next week will be a wild ride.

[Lizap]

Originally Posted by man4857

I think people are going to go home today and read the news and freak out and next week will be a wild ride.

Have no idea. Could be up and could be down, but am fairly certain we're in the latter stages of this long bull market.

[txgolfer130]

Originally Posted by k374

Well, Market took a jump off a cliff today looks like they don't like what is coming up - higher inflation, higher interest rates etc. etc.

There was a sell off, but not b/c they don't like what's coming up. Just the opposite. And not even a jump off a cliff, more of a stub of the toe.

[BigCityDreamer]

Originally Posted by Lizap

Have no idea. Could be up and could be down, but am fairly certain we're in the latter stages of this long bull market.

The stock market actually went sideways for 23 months from December 2014 - November 2016. That's what throws off the whole analysis.

It had the effect of a mini- bear market.

[Lizap]

Originally Posted by BigCityDreamer

The stock market actually went sideways for 23 months from December 2014 - November 2016. That's what throws off the whole analysis.

It had the effect of a mini- bear market.

Market technicians measure from the bottom after the Great Recession.

[txgolfer130]

Originally Posted by JAMES67

Anyone venture to guess what happens next week? Personally I have no idea, 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.

2018 Economic Calendar

JOLTS on Tue., Consumer Credit on Wed. along with mortgage applications, Jobless claims on Th.,

This is not even a blip on people getting ready to retire. Their retirement accounts, mainly benchmarked against the S&P (in general) are still UP 5.5% YTD!

[mathjak107]

Originally Posted by BigCityDreamer

The stock market actually went sideways for 23 months from December 2014 - November 2016. That's what throws off the whole analysis.

It had the effect of a mini- bear market.

from dec 31 2014 to dec 2016 i show 5.02% cagr , you may want to double check that .

[FREE866]

Originally Posted by Lizap

Have no idea. Could be up and could be down, but am fairly certain we're in the latter stages of this long bull market.

and latter thirds of bull markets historically are very very strong

[BigCityDreamer]

Originally Posted by Lizap

Market technicians measure from the bottom after the Great Recession.

I know, but being flat for nearly 2 years wasn't much of a bull market during that period.

[txgolfer130]

Originally Posted by man4857

I think people are going to go home today and read the news and freak out and next week will be a wild ride.

Why? Personally I hope it is a wild very moving market. I'll make a ton trading. But, what in the news is break out the MRE's worthy? It was a 2.5 & 2% move on BOTH the .DJI & .INX (S&P)