Worst 1st half in the market since 1970. Hopefully that means we have the 80's ahead 10 years from now. I want my MTV.
Worst 1st half in the market since 1970. Hopefully that means we have the 80's ahead 10 years from now. I want my MTV.
One of my brokers called me today ... just doing his job.
Obviously, nothing changed on my end, still conservative.
We chewed on the international scene. We have it good.
Food, check. Fuel, check. Medical, check. Strong dollar.
All things considered, we should all be very thankful.
Projections call for ~10% downward, slow recovery.
I don’t know how anyone can make any market projections right now. With all of the balls up in the air, anything can happen today or tomorrow. The only thing I think now is, it is not going to be good. I’m normally not a negative person, but these are uncharted times we are living in. I finally found a good advisor, so I’m moving to 90% fixed as fast as I can. Our investment were accumulated over many years, so I won’t be selling anything at a loss.
Sounds like alot of people are expecting a better second half. I don't know about that. Max QT doesn't start till the fall, and Europe might go back into shutdowns due to a lack of energy. I think there's a chance the Fed turns a little a dovish at the end of July, maybe only .5 hike instead of .75. The market might rip on that. But I'm not convinced the lows are in yet.
Thanos was the hero
As noted previously, we're in a defensive/conservative position.
Been there for years and it's suited our retirement needs well.
Not about to change up. Recommend most not change things.
Odds are good, we've seen the bulk of the reset, not all of it.
However, there are too many variables, most outside the US.
Petroleum & LNG production/needs in the EU. A real situation.
Add in the Ukraine/Russia war ... Will it expand, end, drag on?
Where are we with climate change ... the world's food supply.
And the possibility of further/deeper pandemic engagement.
It's a full blown crapshoot. But I'd still go with prettiest mutt.
The US is a real hot mess, but still the best looking ugly dog.
And with all it's glorious bad hair & wrinkles, she will win it.
Short of a civil war due to stupidity & arrogance, we're fine.
Liquidity being sucked out of the system as we head into summer is a recipe for some wild moves
Thanos was the hero
I think we are about halfway down. Earnings compression comes next.
No matter the strategy ... don't be the dumb money.
Because that's really all the Big Boys can grab now.
30% cash and 50% in GME and recently allocated 20% into AMC at 9.85 back in May. I smell a short squeeze. I guess I’m what they call dumb money. Good luck to all.