RE:RE:Sooooo...Where is the Market Right Nowyep, these self proclaimed experts are just following the crowd of self proclaimed experts, confirmation biased. Real winners are mostly contrarians. It's good you raised this point in a nice tone.
A quote (in blue) from a newsletter
| They said the market would crash. They said a recession is coming. They said to sell everything. And if you listened to them, you would have missed out on this. | |
A lot of expert/analysts advised clients to load up bond a year before only to see rate climbed and bond portfolio devalued in 2023. Bond recovering a bit with the anticipation of rate cut in 2024.
More quotes:
Despite one of the fastest rate hikes in modern history, an event that should have sent stocks tumbling, stocks are on track for yet another strong performing year.
The Dow is up over 12%. Gold is up 11.5%. The S&P 500 is up over 23%. And Bitcoin is up 154%.
Almost everything is up. Including interest rates.
Even the big crash in 2020
In 2020, 2.76 trillion shares traded hands via 14.8 billion trades. Those trades were worth $121 trillion.
- The S&P 500 was up over 16%.
- The NASDAQ composite was up a staggering 43.6%.
- The DOW was up only 9.7% (including dividends).
Kman86 wrote: Experienced....with all due respect, even a broken clock is right twice a day. You've been saying "storm clouds" have been gathering for the past two years. I'd like to think that most people here are educated enough to be making their own investment decisions without the monthly grandstanding.