We have completed the first leg down and are having a very predictable bounce (bear market rally) for leg two just as we have had during the 08 and dot com recessions.
Expecting the rally to be capped around 4250 at a max. Rest of the year is looking very grim. I am looking as a long term investor to DCA at lowest cost basis possible and prepare for the next bull run (although i believe that may take some time).
Do not be fooled by market rips, market has significant more downside risk than upside.
I suggest keeping a monthly outlook chart to track where we are and scoop up bargain prices at the bottom. Always more money to be made (and safer) on the long side than the short side (long term).
Beware the fed, they are continuing to hike interest rates but i agree with burry that this is a facade only to prepare for 0% rates once again when the market has experienced significant carnage. Look for any softening (dovish) on their stance.
Patience is key here. Doubt you will have to wait long....
Good luck!
Expecting the rally to be capped around 4250 at a max. Rest of the year is looking very grim. I am looking as a long term investor to DCA at lowest cost basis possible and prepare for the next bull run (although i believe that may take some time).
Do not be fooled by market rips, market has significant more downside risk than upside.
I suggest keeping a monthly outlook chart to track where we are and scoop up bargain prices at the bottom. Always more money to be made (and safer) on the long side than the short side (long term).
Beware the fed, they are continuing to hike interest rates but i agree with burry that this is a facade only to prepare for 0% rates once again when the market has experienced significant carnage. Look for any softening (dovish) on their stance.
Patience is key here. Doubt you will have to wait long....
Good luck!
Comment:
Also wanted to add that my scaled in market buys will be more significant the lower it goes. Not even. So start small and get heavier the lower we go.