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.
It's tough... just because of so much stuff ahead of us, trade war, interest rates, mid term elections etc. I just see some serious rattling of the markets in the next couple of years but that is part of the market cycles, we've had a run up now we need to do some shakedown over the next year or two... just part of the game. However, I think there will be some great buying opportunities ahead for the patient.
As for SPX at 3000, I am guessing not in the next 2+ years at a minimum... we are heading lower before heading higher. There is a lot of resistance between current levels and the last all time high at 2850+ so first we need to break all that resistance to recapture the last high, then climb even higher, that is a lot to ask of this current market.
Speculation, but I'll join the game. Market retests the highs before entering a full-fledged bear market in late 2018 or early 2019. Probably at least 3 years before the old highs are taken out.
Speculation, but I'll join the game. Market retests the highs before entering a full-fledged bear market in late 2018 or early 2019. Probably at least 3 years before the old highs are taken out.
Which begs the question...why be in equities at that point The answer to that is because what if it just keeps going higher? Then you lose big chunks of gains..
I am going to say I thought the additional run up in January was the WORST thing that could have happened to the market. Most of this correction is just retracing that move. If we were around flat to down 2 percent without a big run up then run down, people would be thinking normal sideways traction. Instead we are left trying to recover an abnormal greed take by investors.
Which begs the question...why be in equities at that point The answer to that is because what if it just keeps going higher? Then you lose big chunks of gains..
I am going to say I thought the additional run up in January was the WORST thing that could have happened to the market. Most of this correction is just retracing that move. If we were around flat to down 2 percent without a big run up then run down, people would be thinking normal sideways traction. Instead we are left trying to recover an abnormal greed take by investors.
If the market tries to retest highs, I would use this opportunity to make portfolio more conservative, if your time frame is not long-term.
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.
The answer to that is because what if it just keeps going higher? Then you lose big chunks of gains..
