techno-ag said:

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14 people starred the OP too so apparently some agreed with his assessment.

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He was wise to sell when he did. The market was at an extreme risk point. As long as he bought back below where he sold, he's likely better off than most.

Those who reduced risk when he did and bought the bottom are likely WAY better than those who just held, or held and bought the bottom.

That strategy is not for everyone, and most literally have no way of identifying periods of significant risk or significant opportunity. So buy and hold forever works for most. But there will be a time when it wont. Wish I knew when that would be. Currently, the market is at an extreme resistance point. But it can reset with any combination of price retracement, time, or a combo of both. Meaning the market could crash to 5500 Monday and then resume back up and be set up for 6500+. It could also go flat for a month maybe with a very minor retracement and have the same setup. It could also crash hard to a new low. I'm not saying it's likely, but go look at SPX in 2000, 2007, 2018, and 2020 to see times when it made new highs only to fall to new lows. My base case is that we get a sizeable retracement and then target high 6000's into the fall and maybe winter. But no matter what, I still think this market ultimately finds its way back to 3500 over the coming years. It would take a lot to change my view on that. For that reason, I am still very risk averse and will likely remain that way the rest of the year unless we get a clean corrective retracement below 5700. At that point, I would likely invest into that bottom looking for 700-1000pts over the following 3-6 months.

Everyone has different strategies and risk tolerance. My views are not shared by many. And that's ok. I do well with mine. But I would advise against lambasting anyone who has the stones to make a big call and post transparently about it. If nothing else, take it was a view into a market sentiment you don't share. It's always nice to know where different participants are.

LIVAggies098 said:

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moved majority of my assets to bonds, CDs, etc. the returns are tough to watch but im under impression a correction is coming

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What gives you that impression?

You didn't learn anything after reading this thread?

permabull said:

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South Platte said:

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LIVAggies098 said:

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moved majority of my assets to bonds, CDs, etc. the returns are tough to watch but im under impression a correction is coming

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What gives you that impression?

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He might make bank if Powell cuts 100bps to save his job later this month

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I suspect it's personal with Powell. He'd rather sink the country's economy than help Trump. The reductions right before the election to try and help the Democrats, combined with his refusal to budge after Trump won smacks of partisanship.

LIVAggies098 said:

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moved majority of my assets to bonds, CDs, etc. the returns are tough to watch but im under impression a correction is coming

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Didnt we already see a correction a few months ago?? The market was down 19% in April. The market was down 10% last year. The market was down over 20% in 2022-2023. The market dropped 34% in 2020 during Covid. But it has recovered and then some every single time.

The point is theres always another "correction" coming. Unless you are about to retire or are retired already, who cares, just keep buying and ignore the noise.

Heine back it again with the market crash predictions. This time…."in the coming years".