Holy cow!
Moderator: Aitrus
Re: Holy cow!
No need for a crystal ball, just follow the leaders of each sector. $TSLA may need to selloff a bit this week or next to provide flows to other big names and this will allow the market to head higher with the S&P at $4k-$4.5k. Be VERY cautious when $AAPL is above $160. The massive correction is coming this year and you'll know it when you see the circuit breakers triggered big time! 500 to 800 daily point drops on the S&P is likely and I'm not even a BEAR. Just an end to a massive bull cycle.
Re: Holy cow!
I am tracking the number of baby boomers who are retired which is 40% as of September. The baby boomers own the lion share of the stock markets and when they get out of their current greed psychology and jump to a preservation of wealth psychology the market will start to go down. When it starts to go down more will run and we will have a severe correction in the markets and it will take us a couple years to get back to zero.
You have 2 choices when this happens, throw your money into equities and close your eyes until it gets better in a couple years or the other is to try and time the markets.
Just don't make the mistake that many will and sell after it drops 30% or 40%, the market will always come back even if it takes a couple years.
You have 2 choices when this happens, throw your money into equities and close your eyes until it gets better in a couple years or the other is to try and time the markets.
Just don't make the mistake that many will and sell after it drops 30% or 40%, the market will always come back even if it takes a couple years.
- Tomanyiron
- Posts: 4973
- Joined: Mon Apr 26, 2010 6:39 am
Re: Holy cow!
I see your point, but tell me this, are you expecting that soon? And how will you track the boomers percent in stocks?searight wrote:...The baby boomers own the lion share of the stock markets and when they get out of their current greed psychology and jump to a preservation of wealth psychology the market will start to go down...
"A good decision is based on knowledge and not on numbers." Plato
"Perfect numbers like perfect men are very rare." Rene Descartes
"Perfect numbers like perfect men are very rare." Rene Descartes
Re: Holy cow!
There is a 3rd, and arguably best, option: implement a seasonal strategy.searight wrote:...baby boomers...jump to a preservation of wealth psychology the market will start to go down... and we will have a severe correction in the markets and it will take us a couple years to get back to zero.
You have 2 choices when this happens, throw your money into equities and close your eyes until it gets better in a couple years or the other is to try and time the markets.
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