01-30-2022, 05:07 AM
Crimson
The "little correction" you refer to depends some on how you fared so far. Two of the major US indexes are in official -20% bear market territory and there have been no rate hikes. SPY faring better at only about -10%. If my port was down 25% already l know I'd be a little nervous, even if I was younger
Yes stocks do go up longterm, or more accurately indexes do. History also says a large percentage of the speculative stocks will never again see their high. Never is a long time.
How is that for fear mongering? I just happened to get lucky and took the trash out before they crashed. Most were not huge positions but many stocks I used to own are down 60%+. But the FAANG is doing ok so it's all good. I do wish they had raised rates a bit and killed the foolishness a year ago. Or at least six months ago when it was obviously necessary.
The "little correction" you refer to depends some on how you fared so far. Two of the major US indexes are in official -20% bear market territory and there have been no rate hikes. SPY faring better at only about -10%. If my port was down 25% already l know I'd be a little nervous, even if I was younger
Yes stocks do go up longterm, or more accurately indexes do. History also says a large percentage of the speculative stocks will never again see their high. Never is a long time.
How is that for fear mongering? I just happened to get lucky and took the trash out before they crashed. Most were not huge positions but many stocks I used to own are down 60%+. But the FAANG is doing ok so it's all good. I do wish they had raised rates a bit and killed the foolishness a year ago. Or at least six months ago when it was obviously necessary.