(03-14-2020, 04:15 PM)jagibelieve Wrote:

(03-14-2020, 05:55 AM)The Real Marty Wrote: Okay, here's my short term prediction based on what we know now, subject to change at any time.  

The market will briefly stabilize over the next few days as prices of individual company stocks adjust.  Up to now, stocks have been sold willy nilly, and there will be bargain hunting among the rubble.   Then after a few days of that, the market will slowly grind downward as buyers slowly realize the extent of the damage to the economy by people staying home and hunkering down.

This is the creative destruction of capitalism, where the weak are eliminated and the strong survive and prosper.

Sounds about right.  I am kind of "kicking myself" for not pulling the trigger on a few things that I consider "on sale" right now.  The price is still good, but I didn't expect the spike that we saw in the market yesterday afternoon.  It's interesting that the surge came as The President was holding a press briefing.

I saw a good article on Schwab the other day on trying to time the market. It was showing only minimal gains over dollar cost averaging or dumping your money in at the beginning of the year in a lump sum. The funny thing was they had a hypothetical person who bought the market at the highest day each year for 20 years. That person still came out ahead. Let me link it. The point was don’t worry about missing deals. My current portfolio is proof that the market can always surprise you with its absurdity. I did buy more before trumps speech tho, so I did make up for some of the craziness.

https://workplace.schwab.com/public/work...iming-Work

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I am predicting 3 more months of turmoil before the rise happens again. 26k at end of year. I have no reason to think this, just spitballing. Low day is 4/20 at 19k for the Dow.

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