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Stock Market Prediction (Bottom and Year End)

#79

(03-14-2020, 10:09 PM)HandsomeRob86 Wrote:
(03-14-2020, 04:15 PM)jagibelieve Wrote: 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

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.
So I got duration and date wrong, but I was pretty close on my guess where the bottom was at. I think I am already too low for year end.


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RE: Stock Market Prediction (Bottom and Year End) - by HandsomeRob86 - 05-20-2020, 04:07 PM



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