RE:RE:RE:RE:S&P Could Drop to 3000 or much Lower1condor, I've been heavy in cash too, waiting for a buying opportuninty. It looks like a lot of people and pros have been for a while. The market rarely goes straight down, so I decided to back up the truck when SHOP went under $37 today. It's just too cheap. Yields were softer today, and I thought that would support the market, BUT today's strong jobs number put a damper on things. i don't see any major news updates schedule for Thursay, so 'm hoping for a 3-5% pop. GLTA.
1condor wrote: stwatcher...I see the S&P bottoming around 3200 and NAS around 9200 by year end or very early 2023. There will be failed (sucker) rallies along the way...but the trend is down. Of course this is only my call on the market based on my own analysis. I have been heavy in cash for several months and am itching to put some to work...and will be looking to put some to work in SHOP. Currently not a holder.