We've seen the bottom, up from here
- Thread starter themickey
- Start date
i think we're getting close. my prediction is a bottom sometime this summer on the already priced in recession. it'll be a buy the news event. markets will rally through a recession because everyone knows, governments must run deficits during recessions and the money printers will brrrrr once more. not kicking-the-can is no longer an option.
Depends where the Fed comes back and starts pumping again.
My first downside target for the S&P is the 20% bear market level, 3855.
Target after that is the 2020 pre covid highs, about 3400.
Final downside target is the covid lows, around 2400, which would be a 50% correction in the S&P.
Even i dont think we could go much lower than 2400
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Post FOMC rallies ain't nothing special, really.
Today is the largest daily decline so far this year. Only the 24th of January came close. Pretty controlled down turn so far I'll say.
I wonder if we'll see any panic below 4000 or if someone thinks that puts the market in deeeep value territory. LOL.
Today is the largest daily decline so far this year. Only the 24th of January came close. Pretty controlled down turn so far I'll say.
I wonder if we'll see any panic below 4000 or if someone thinks that puts the market in deeeep value territory. LOL.
No one anywhere does that .
Whats the opposite word for suckers rally? Because that's what we just had imo.
Sticking to my guns, "up" from here.
Thursday (Australia time) I got 'suckered' into buying a bunch of lithium stocks.
I've thought of dumping them again today when our mkt opens but, nopey, I'm hanging onto them.
Sucker? Hmmmm, let's see...
See ya later suckers.
Sticking to my guns, "up" from here.
Thursday (Australia time) I got 'suckered' into buying a bunch of lithium stocks.
I've thought of dumping them again today when our mkt opens but, nopey, I'm hanging onto them.
Sucker? Hmmmm, let's see...
See ya later suckers.
And I have Parkinson's so typing alot is a pita.... wish I had a hot secretary lol
Nasdaq 100 and Russell made new lows for the year today.
S&P500 still holding the line.
The market at the moment likes to grind down slowly when making new lows, but loves blasting higher off the lows when the time comes.
Need to see a sharp waterfall decline to shake out the longs that are in denial that this is bear market
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