think mentioned last week nasdaq end the yr at lows :scared: nearly there today ..... will it bounce or will it power to new lows ..... place your bets
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think mentioned last week nasdaq end the yr at lows :scared: nearly there today ..... will it bounce or will it power to new lows ..... place your bets
The GFC was bad for me. It looked bad in other countries then as well. Banks failing. People loosing homes and jobs. Somehow, and I hope I'm right, it just does not feel like the same level of catastrophe pending. It's like we are all seeing the potential and the obvious negativity but ignoring the possibility of something positive emerging (alien intervention maybe)
You won't live longer for being worried all of the time nor for spreading black sludge all of the time, so - sure, be prepared, but spare yourself as well as us the scare mongering. It is unhealthy and depressing for yourself as well as for others.
2023 might be difficult, or it might be not. Who knows. But nobody will give you back the hours you spent to scaremonger about the future and to scare yourself.
I am sure the sun will still rise come 2023, 2024 and many years thereafter. I know that mankind survived already many more tin hat dictators and economic crisis as well as Cassandras than any of us has fingers and toes attached to their extremities - and it always came out stronger out of the crisis than when it entered it.
And hey - even in really difficult times there always have been better places than others to be ... and actually, I think NZ is one of these better places.
Enjoy life ...
So much for the Santa rally. Looks like Santa got run over by a reindeer. Will he pick himself up? Guess it depends on the PCE inflation number out overnight (our time)
https://www.foxbusiness.com/personal...2e6706f5b57732
If one is still working, and contributing to funds, these bear markets are happy days. They don't always last long, however.
"And even bear markets, or declines of 20% or more in a major stock market index, tend to be short-lived. Since 1928, there have been only 26 bear markets in the S&P 500 index, a common stock market benchmark, according to research by investment management firm Hartford Funds. And the average length for a bear market is 9.6 months, while the average bull market when stocks are rising lasts 2.7 years, Hartford Funds said in its report."
Equity market put/call predicting a market dump on route