If you haven’t been keeping up, check out Today’s Dow.
Which do you think will happen first:
A) Dow climbs to 18,000
B) Dow drops to 15,000
C) We get hit by an asteroid
D) The sun Supernovas
E) Jesus comes back
Poll to follow…
It’s more or less peaked. The current up cycle is ending.
I don’t think the downturn will be major, we will likely enter a protracted period of stagnant economy. (The usual economy boosts won’t work here, e.g., lower interest rates.) Basically Japan.
But enough of a downturn to go below 1500, and in a matter of months.
I do hope you left off a 0!
I sold all of my stocks in my 401K yesterday and moved it into a stable principal fund so I already made my bet in real life. I am not sure the downside will be that bad but it seems more likely than a significant upside.
I have some “play money” (about $90K) in conservative stocks that are rated “A” by most services (ALK, KR, EW, etc.), but everything else is, and has been throughout the uptick, in government instruments. The temptation has been to put a chunk of that into blue chips, but we’re retired and really do NOT want to chance another 2008 meltdown with our nest egg. I’ll leave the heartburn to the younger set.
I don’t worry about the Dow because I’m fully invested in debt.
Indeed. I’ve been a pessimist at times, but not that much.