Yes, another one of these threads. What are you guys going to do? The market continues to keep plunge. I don't even want to say how much I've lost in the last few months. Will you guys pull out or are you going to stay in hoping it will turn around sooner or later?
Meanwhile the dollar has a big bid on it, look at the DXY index. Deleveraging ramping up and debt destruction is massive now
https://www.creditspreadalert.com/
https://mishtalk.com/economics/headwinds-of-de-globalization-are-inflationary-adam-taggart-and-mish-video
supply chain destruction is creating inflation - ( New Window )
For example. The 2year CD is paying 1.25% and the 5 year is paying 2.5.
Get the 5 year. After about year one the the extra interest is gravy.
You're welcome.
And thats a great return-as opposed to market casino
Crypto falling apart as well(dollar stable coins hilariously you cannot sell)
Its time to wipe out the hedge funds
Dollar index - ( New Window )
Meta, can be a bit controversial, but feel confident it is way oversold.
Appreciate any thoughts going forward and won’t take it as financial advise lol
Thanks
80% of your paycheck goes to someone else to play around with? This is not how you build wealth bud. I've worked for active managers pretty much my entire career and I can tell you that nobody can beat the market. Read up on a simple 3 fund lazy portfolios, reallocate as you get older (every 5 years) and see you at the finish line.
Don't care how 'good' your guy is - this is not a winning strategy
By having wealthy parents so you can afford to bank 80% of your income. Just rent/mortgage alone in NYC takes too much of your paycheck to put away 80%
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80% of my biweekly paycheck going to my securities account for my money guy to play around with and do with it as he sees fit
80% of your paycheck goes to someone else to play around with? This is not how you build wealth bud. I've worked for active managers pretty much my entire career and I can tell you that nobody can beat the market. Read up on a simple 3 fund lazy portfolios, reallocate as you get older (every 5 years) and see you at the finish line.
Don't care how 'good' your guy is - this is not a winning strategy
That 80% might've been an exaggeration on my part, but my money guy was pretty convincing. Essentially his main point is what good does having most of your assets be in cash that just sits there and doesn't accumulate anything. And when I got into the "game", it was a few months before the COVID pandemic hit. And I did hold tight for a while, but then a few weeks back I couldn't take the hits anymore so I pulled out some and converted them into cash. Now, I would say my net assets is like 60% in investments and 30% in liquid cash and 10% in an IRA I contribute to every January for the tax benefits.
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At $91 a share. Today, it's trading at $29.
Thinking of buying back into it. LOL...
Stan... Is this a stock, or mutual fund? If fundamentals are good for the company or the portfolio/sector, reinvestment might be a good move.
It's a mutual that's historically done well.
I'm leaning this way, too.
The economy is in a squeeze - historical inflation getting ready to collide with the Fed intentionally moving the economy to a recession.
This will tamp down demand, reduce earnings, and likely increase unemployment.
Cash is king right now. The more liquid you are, the better.
Now that is some bad advice. Whatever you think about being in the stock market, cash is NOT king with "historical inflation" as you call it.
What's the bad advice? I'm not suggesting anybody be in 100% in cash. But having cash to buy back when this finally bottoms isn't a bad position at all.
of course he is convincing - that's his job :)
I have no problem with the percentage of assets in the market, thats a risk tolerance and capital allocation strategy that YOU need to figure out based upon your financial goals. my concern is that you have 'financial advisor' or 'money manager' of sorts. if you have a complicated tax situation, are super wealthy or some other strange situation then maybe.
but ~99% of the people in this world don't need that (and I just ducked because I'm sure I offended a lot of people on this board). just read up on passive investment strategies, I'm telling you, nobody can beat/time the market.
Low Cost Index Funds
buy your age in bonds, most of the allocation in a total market fund (ie vtsax) and maybe ~10% intl or small cap. seriously a simple 3 fund portfolio is all you need
you will never know when correction is over but we are probably closer to the end than the beginning. at least mid way thru.
Sure , can nasdaq go 10k and dow 28k sure
but this isnt 1999 dot com bubble or CDO crisis this is a big time revaluation stocks are getting cheaper but as earnings compress they probably lose more. If your piling money in now monthly or bi weekly, when this turns , whenever it is you have bought more reasonably priced shares
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but my money guy was pretty convincing. Essentially his main point is what good does having most of your assets be in cash that just sits there and doesn't accumulate anything. And when I got into the "game",
of course he is convincing - that's his job :)
I have no problem with the percentage of assets in the market, thats a risk tolerance and capital allocation strategy that YOU need to figure out based upon your financial goals. my concern is that you have 'financial advisor' or 'money manager' of sorts. if you have a complicated tax situation, are super wealthy or some other strange situation then maybe.
but ~99% of the people in this world don't need that (and I just ducked because I'm sure I offended a lot of people on this board). just read up on passive investment strategies, I'm telling you, nobody can beat/time the market.
Low Cost Index Funds
buy your age in bonds, most of the allocation in a total market fund (ie vtsax) and maybe ~10% intl or small cap. seriously a simple 3 fund portfolio is all you need
Now your salesperson "money guy" might not be able to spot it but a good market economist and/or strategist should be able to identify inflection points and recommend shifts in allocation. Over the past 12 years with you could rather easily look at M2 money supply and real yields to understand that equities, and higher duration equities, were well positioned. Now not so much.
Anyway, returns normally skew positively for stocks as they follow nominal growth and economies move higher. With an elevated chance of recession coinciding with equities priced to perfection, the balloon was bound to deflate and tighter financial conditions are being discounted earlier than expected. Basically, financial conditions are doing the Fed's job for it via credit, policy rates, treasuries, and unconventional measures of financial conditions (mortgage rates). But Powell's job isn't done which makes me think that weighted distribution of potential returns is at least more balanced than usual if not negative. Not a bullish setup. I'm keeping skin in the game but for the first time in memory I'm holding some cash without deploying into equities.
I empathize with the sentiment that a loss isn't real until its realized. That said, buying an asset trading at $20 worth $100 is still better than buying that same asset at $90. It'll get realized at some point. In a perfect world you can time the entry and exit but good luck. To that point, I do agree with the sentiment that you stay invested for the long term and try to avoid the mental perturbations that follow.
"A stock down 90% was once a stock down 80% that got cut in half" - David Einhorn
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In comment 15713935 Anakim said:
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but my money guy was pretty convincing. Essentially his main point is what good does having most of your assets be in cash that just sits there and doesn't accumulate anything. And when I got into the "game",
of course he is convincing - that's his job :)
I have no problem with the percentage of assets in the market, thats a risk tolerance and capital allocation strategy that YOU need to figure out based upon your financial goals. my concern is that you have 'financial advisor' or 'money manager' of sorts. if you have a complicated tax situation, are super wealthy or some other strange situation then maybe.
but ~99% of the people in this world don't need that (and I just ducked because I'm sure I offended a lot of people on this board). just read up on passive investment strategies, I'm telling you, nobody can beat/time the market.
Low Cost Index Funds
buy your age in bonds, most of the allocation in a total market fund (ie vtsax) and maybe ~10% intl or small cap. seriously a simple 3 fund portfolio is all you need
Buying your age in bonds has been one of the more deleterious axioms in recent history. The S&P has produced a total return of about 450% since 2010 whereas the Barclays Age returned about 140%. If you're a 42 year old that has "bought their age" in bonds over the past +decade you've lost way more in opportunity cost than any management fee would have been.
Now your salesperson "money guy" might not be able to spot it but a good market economist and/or strategist should be able to identify inflection points and recommend shifts in allocation. Over the past 12 years with you could rather easily look at M2 money supply and real yields to understand that equities, and higher duration equities, were well positioned. Now not so much.
Anyway, returns normally skew positively for stocks as they follow nominal growth and economies move higher. With an elevated chance of recession coinciding with equities priced to perfection, the balloon was bound to deflate and tighter financial conditions are being discounted earlier than expected. Basically, financial conditions are doing the Fed's job for it via credit, policy rates, treasuries, and unconventional measures of financial conditions (mortgage rates). But Powell's job isn't done which makes me think that weighted distribution of potential returns is at least more balanced than usual if not negative. Not a bullish setup. I'm keeping skin in the game but for the first time in memory I'm holding some cash without deploying into equities.
I empathize with the sentiment that a loss isn't real until its realized. That said, buying an asset trading at $20 worth $100 is still better than buying that same asset at $90. It'll get realized at some point. In a perfect world you can time the entry and exit but good luck. To that point, I do agree with the sentiment that you stay invested for the long term and try to avoid the mental perturbations that follow.
"A stock down 90% was once a stock down 80% that got cut in half" - David Einhorn
not expecting any bullish rebound either once bottoming, we may churn for a couple yrs 2nd half of decade could be the next bull run it could be 10 yrs from now but we will have a couple 30% gain yrs and anyone who was buying all the time will love it key is next time take some off the table at that point as hard to do as knowing when to buy after 2008, didnt have a big yr till 2013
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Remember the end of the world in 2007/2008? And then again in 2010?
This country knows 2 things .... War and how to make money.
Leave it in ... matter of fact if you have a 401k plan or IRA - I would keep funding it as normal like I did in 2007 and 2010. Think of it as a sale - you will get more funds/stocks for your dollar today.
It will come back ... it always comes back. IN 10 - 15 years we will see a 50,000 point DOW.
Looks different now than back then. This inflationary rise is unlike other times. I got out in 2012 and went in real estate, multi family. Gov is prinitng money like there's no tomorrow. Not the same!
It is never ever ever the exact same ... and every time people will say
"but, it is different this time" implying we are really doomed (this time)
and it always comes back. Lets check in about 3-4 years from now and see where the DOW is.
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80% of my biweekly paycheck going to my securities account for my money guy to play around with and do with it as he sees fit
80% of your paycheck goes to someone else to play around with? This is not how you build wealth bud. I've worked for active managers pretty much my entire career and I can tell you that nobody can beat the market. Read up on a simple 3 fund lazy portfolios, reallocate as you get older (every 5 years) and see you at the finish line.
Don't care how 'good' your guy is - this is not a winning strategy
That 80% might've been an exaggeration on my part, but my money guy was pretty convincing. Essentially his main point is what good does having most of your assets be in cash that just sits there and doesn't accumulate anything. And when I got into the "game", it was a few months before the COVID pandemic hit. And I did hold tight for a while, but then a few weeks back I couldn't take the hits anymore so I pulled out some and converted them into cash. Now, I would say my net assets is like 60% in investments and 30% in liquid cash and 10% in an IRA I contribute to every January for the tax benefits.
Lol, sounds like you're being taken for a ride by your 'money guy'.
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The global economy has been pretty dead since the pandemic started and seems to be getting worse. Yet the market is still slightly higher now then just before the pandemic. If this is a correction, when do you know the correction is over? It seems like stocks are still overpriced to me but what do I know. I’m not much of an investor. I’m 55 with a very balanced 401K + a small amount of physical silver and crypto. Not enough crypto to get rich but if it goes to zero I won’t be too upset.
you will never know when correction is over but we are probably closer to the end than the beginning. at least mid way thru.
Sure , can nasdaq go 10k and dow 28k sure
but this isnt 1999 dot com bubble or CDO crisis this is a big time revaluation stocks are getting cheaper but as earnings compress they probably lose more. If your piling money in now monthly or bi weekly, when this turns , whenever it is you have bought more reasonably priced shares
I’m still contributing as much as I can to the 401K but I did re-balance a little when we were near the all-time high point earlier this year. I have about 20% in a money market that I can shift back later.
I feel that crypto is the new dot.com bubble. Blockchain and crypto is the future but way to many layer1 blockchains that basically do the same thing. Too many coins right now with no real purpose or utility.
My reasoning here is because companies like Walmart and Target for example have not passed on their supply costs to consumers yet. The current quarterly numbers and reports reflect that and I have read the same for about 100 other companies.
When these supply costs get passed on a snowball effect is going to happen very fast and this will be the catalyst for a recession along with rising interest rates.
An economical game of chicken is being played where the Fed is gauging when to aggressively hike interest rates knowing the real costs from retailers have not been totally passed on to consumers goods yet.
Bad times are coming and you ain't seen nothing yet. But remember, most of you guys voted for him. This is the result two years later.
Meanwhile the dollar has a big bid on it, look at the DXY index. Deleveraging ramping up and debt destruction is massive now
https://www.creditspreadalert.com/
https://mishtalk.com/economics/headwinds-of-de-globalization-are-inflationary-adam-taggart-and-mish-video supply chain destruction is creating inflation - ( New Window )
Meanbunny love your handle and totally agree with you.
This will be way worse than 2008. We are not even close to bottom
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I almost sold near the bottom. It would have been the worst decision I could have made.
This will be way worse than 2008. We are not even close to bottom
lol
Meta, can be a bit controversial, but feel confident it is way oversold.
Appreciate any thoughts going forward and won’t take it as financial advise lol
Thanks
BOA has a great dividend. Awesome defensive play!!
My reasoning here is because companies like Walmart and Target for example have not passed on their supply costs to consumers yet. The current quarterly numbers and reports reflect that and I have read the same for about 100 other companies.
When these supply costs get passed on a snowball effect is going to happen very fast and this will be the catalyst for a recession along with rising interest rates.
An economical game of chicken is being played where the Fed is gauging when to aggressively hike interest rates knowing the real costs from retailers have not been totally passed on to consumers goods yet.
Bad times are coming and you ain't seen nothing yet. But remember, most of you guys voted for him. This is the result two years later.
Put your money where your mouth is and buy USO calls or something…
Then you’ll more than double your money while we all lose money. I wish I could see the future as accurately as you do
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by March 2023, gas prices on average nationwide will be at $6.75 a gallon and Interest rates for a 30 year loan will be above 8%.
My reasoning here is because companies like Walmart and Target for example have not passed on their supply costs to consumers yet. The current quarterly numbers and reports reflect that and I have read the same for about 100 other companies.
When these supply costs get passed on a snowball effect is going to happen very fast and this will be the catalyst for a recession along with rising interest rates.
An economical game of chicken is being played where the Fed is gauging when to aggressively hike interest rates knowing the real costs from retailers have not been totally passed on to consumers goods yet.
Bad times are coming and you ain't seen nothing yet. But remember, most of you guys voted for him. This is the result two years later.
Put your money where your mouth is and buy USO calls or something…
Then you’ll more than double your money while we all lose money. I wish I could see the future as accurately as you do
I agree USO is a good play if a person has the diversity in their portfolio, but if you are the average investor and have mainly a 401k, the current environment and forthcoming downturn is a big hit.
The Age in Bonds Theory was debunked a few years ago, when bonds were paying peanuts. If you want bonds in your portfolio, buy US Treasury Bills Direct. 1 year term, no commission, State tax free and easy to roll over next year (likely at a higher rate).
Bank of America stock has declined 28% year to date. I don't care what kind of dividend they're paying. I noted Bank of NY Mellon mentioned in this thread....down 26% YTD.
If you haven't trimmed your Stock exposure by now, it's probably too late to bail out.
Dotcoms had no revenue and 80% of the business plans sucked.
most of the FAANGS just dominate at this point
so I cant see the correlation.
I do see some stagflation like the 70's, not as deep but its there for sure
I dont beleive it will be that bad but it still could suck.
We invest around 5.5k every month thru 401k and after tax roth contribution inside 401k most going into equities I may get killed the next 5 yrs in my mind, I have a 50% correction from peak priced in. But I have 15-20 yrs till I am touching this stuff. so even if its 7 yrs down the road and the whole decade stinks, i am still buying. eventually things will turn around and I am prety sure the USA will lead again.
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eventually things will turn around and I am prety sure the USA will lead again.
I agree that USA can lead again, but Im not investing my money in this stock market at this time. I dont mind being wrong, I have less time that many here on this board. But our Gov. is making things worse all around.
What's not factored in yet beside supply chain costs mentione earlier is the short labor market. People just dont want to work. Companies will eventually start slowing down becasue of this. So, you have high inflation, a Fed going to rasie rates, a housing shortage, and jobs unfilled with 8 straight weeks of the stock market dropping.
So Ill put my money somewhere else.
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By the way, the price decline and valuation decline of the DotCom, GFC, 1973 episodes were about 2.5x the current decline. So if you want to know how much worse it can get, try SPX >3000.
Dotcoms had no revenue and 80% of the business plans sucked.
most of the FAANGS just dominate at this point
so I cant see the correlation.
I do see some stagflation like the 70's, not as deep but its there for sure
I dont beleive it will be that bad but it still could suck.
We invest around 5.5k every month thru 401k and after tax roth contribution inside 401k most going into equities I may get killed the next 5 yrs in my mind, I have a 50% correction from peak priced in. But I have 15-20 yrs till I am touching this stuff. so even if its 7 yrs down the road and the whole decade stinks, i am still buying. eventually things will turn around and I am prety sure the USA will lead again.
dotcom companies have no revenue?
What are you counting as a dotcom?
If you use the same definition as most people dotcoms have trillions in revenue (combined) and are hoarding cash.
this isn't 2000 when people are inflating values of pets.com or global crossing - there are some start ups of course and probably many cases of ridiculous PE ratios, but the dotcom market is mature now and even morphing out of growth into demonstrating many qualities of brick and mortars.
dotcoms are google, apple, amazon, salesforce, meta (facebook), paypal, ebay, etc.
People are tired of getting paid slave wages by employers that call them lazy for filing for food stamps because they aren't paid a living wage
See, I can oversimplify to fit a narrative too.
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People just dont want to work.
People are tired of getting paid slave wages by employers that call them lazy for filing for food stamps because they aren't paid a living wage
See, I can oversimplify to fit a narrative too.
If everyone made $25 an hour.....what would happen to the cost of goods sans discretionary?
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In comment 15714013 BurberryManning said:
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eventually things will turn around and I am prety sure the USA will lead again.
I agree that USA can lead again, but Im not investing my money in this stock market at this time. I dont mind being wrong, I have less time that many here on this board. But our Gov. is making things worse all around.
What's not factored in yet beside supply chain costs mentione earlier is the short labor market. People just dont want to work. Companies will eventually start slowing down becasue of this. So, you have high inflation, a Fed going to rasie rates, a housing shortage, and jobs unfilled with 8 straight weeks of the stock market dropping.
So Ill put my money somewhere else.
Maybe employers should start offering better pay and better benefits. Maybe stop licking management’s boot.
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In comment 15714431 Payasdaddy said:
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In comment 15714013 BurberryManning said:
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eventually things will turn around and I am prety sure the USA will lead again.
I agree that USA can lead again, but Im not investing my money in this stock market at this time. I dont mind being wrong, I have less time that many here on this board. But our Gov. is making things worse all around.
What's not factored in yet beside supply chain costs mentione earlier is the short labor market. People just dont want to work. Companies will eventually start slowing down becasue of this. So, you have high inflation, a Fed going to rasie rates, a housing shortage, and jobs unfilled with 8 straight weeks of the stock market dropping.
So Ill put my money somewhere else.
Maybe employers should start offering better pay and better benefits. Maybe stop licking management’s boot.
Are people still getting paid by Uncle Sam to not work, or is that over now?
45 million people in 2021 voluntarily left their jobs - that is unprecedented. 4.5M in January 2022. How do they live? Some did leave for other jobs but many just left the workforce completely.
When people don't have money to live without working, they will work and if they do it on their terms they can force change. That is how the market is designed to work.
Just anecdotally, I think a lot of the ESG focus is part of this, but I do believe employees have more leverage (in many industries) than ever before.
45 million people in 2021 voluntarily left their jobs - that is unprecedented. 4.5M in January 2022. How do they live?
My best guess to explain how they would live.........Housing market moves (financial gain)....easy to move from one city to another, and disperse income(fixed) in a less expensive area (financial gain). Retirement/401K pulls and spending for "retirement" homes and quality of life.
=< Or they are just spending less because the need too.
Link - ( New Window )
I believe it ended September 30, 2021
I haven't dug into it, but I believe most of the people involved left their job for another job so it's not to be confused with the majority just sitting home.
but a lot are sitting home, more than normal - which is creating a squeeze on the labor market.
I also believe some industries are hit harder than others - and it is hitting lower paying jobs more, but not just some industries or just lower paying jobs - by any stretch.
It shows up for consumers though mostly in those industries with lower paying jobs. Even now that most COVID restrictions are gone, many restaurants can't open their stores all the hours they used to because they don't have people to work, many convenience stores and gas stations have adjusted hours because they can't get people to work. hotels have cut back on things like room cleaning- not just because of COVID, but because they don't have the staff, etc.
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with no job? Were they able to stockpile enough money from the covid unemployment benefits?
I haven't dug into it, but I believe most of the people involved left their job for another job so it's not to be confused with the majority just sitting home.
but a lot are sitting home, more than normal - which is creating a squeeze on the labor market.
I also believe some industries are hit harder than others - and it is hitting lower paying jobs more, but not just some industries or just lower paying jobs - by any stretch.
It shows up for consumers though mostly in those industries with lower paying jobs. Even now that most COVID restrictions are gone, many restaurants can't open their stores all the hours they used to because they don't have people to work, many convenience stores and gas stations have adjusted hours because they can't get people to work. hotels have cut back on things like room cleaning- not just because of COVID, but because they don't have the staff, etc.
All wondering the same thing. I have openings Ive been trying to fill for over 6 months paying 6 figures base + commission, good benefits. In the past I'd get 3-4 resumes a week sometimes more. Lately Ive received 2-3 over several months. Im cold-calling and head hunting directly (in addition to my HR department) directly finding competitors and interviewing.
Just saying, people are either scared to make a move, content with their current pay/job or leaving the workforce. I have not see it like this and Ive been a hiring manager for over 20 years.
Couple this with concerns on potential fuel and food shortages and its problematic. I lived though the gas rationing in the 70's, not fun. There's a formula shortage for babies right now. My pool store can't get 1 inch chlorine tabs, factories closing down. Just carzy random stuff like that.
Anyway, not looking to debate just giving information when people ask about investing in this market.
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In comment 15715379 Snablats said:
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with no job? Were they able to stockpile enough money from the covid unemployment benefits?
I haven't dug into it, but I believe most of the people involved left their job for another job so it's not to be confused with the majority just sitting home.
but a lot are sitting home, more than normal - which is creating a squeeze on the labor market.
I also believe some industries are hit harder than others - and it is hitting lower paying jobs more, but not just some industries or just lower paying jobs - by any stretch.
It shows up for consumers though mostly in those industries with lower paying jobs. Even now that most COVID restrictions are gone, many restaurants can't open their stores all the hours they used to because they don't have people to work, many convenience stores and gas stations have adjusted hours because they can't get people to work. hotels have cut back on things like room cleaning- not just because of COVID, but because they don't have the staff, etc.
All wondering the same thing. I have openings Ive been trying to fill for over 6 months paying 6 figures base + commission, good benefits. In the past I'd get 3-4 resumes a week sometimes more. Lately Ive received 2-3 over several months. Im cold-calling and head hunting directly (in addition to my HR department) directly finding competitors and interviewing.
Just saying, people are either scared to make a move, content with their current pay/job or leaving the workforce. I have not see it like this and Ive been a hiring manager for over 20 years.
Couple this with concerns on potential fuel and food shortages and its problematic. I lived though the gas rationing in the 70's, not fun. There's a formula shortage for babies right now. My pool store can't get 1 inch chlorine tabs, factories closing down. Just carzy random stuff like that.
Anyway, not looking to debate just giving information when people ask about investing in this market.
You didn't give any info about investing in this market, lol
Same with the other dude complaining about the cost of milk/formula
My reasoning here is because companies like Walmart and Target for example have not passed on their supply costs to consumers yet. The current quarterly numbers and reports reflect that and I have read the same for about 100 other companies.
When these supply costs get passed on a snowball effect is going to happen very fast and this will be the catalyst for a recession along with rising interest rates.
An economical game of chicken is being played where the Fed is gauging when to aggressively hike interest rates knowing the real costs from retailers have not been totally passed on to consumers goods yet.
Bad times are coming and you ain't seen nothing yet. But remember, most of you guys voted for him. This is the result two years later.
Oh pipe down. God there’s so much wrong in this I don’t even have the patience to start. Just shut it
My reasoning here is because companies like Walmart and Target for example have not passed on their supply costs to consumers yet. The current quarterly numbers and reports reflect that and I have read the same for about 100 other companies.
When these supply costs get passed on a snowball effect is going to happen very fast and this will be the catalyst for a recession along with rising interest rates.
An economical game of chicken is being played where the Fed is gauging when to aggressively hike interest rates knowing the real costs from retailers have not been totally passed on to consumers goods yet.
You raise some good points about WMT and TGT. They were hit hard by rising operating costs. And they will have to be very strategic, especially WMT, how they adjust their prices going forward. They can't continue to eat those costs without significant margin pressure.
I expect the bottom still hasn't been reached, but the Dow going down another 35% (you say < 20K), after already sliding 15%, would be a massive, historical drop. When recessions have hit since '29, the average drop in the S&P has been around 35%.
I agree a recession is inevitable. Powell will try to create a soft landing, but there are too many headwinds hitting at the same time.
I don't but the "you can't time the market" nonsense. Of course, you can. It happens all of the time. Investors are always looking to buy low. Smart ones, IMV, are building cash piles to get ready for the opportunity to buy back in.