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Is this a correction in the market or a start of a recession?

Posted on 4/20/24 at 3:05 am
Posted by DeepShot
Member since Feb 2024
51 posts
Posted on 4/20/24 at 3:05 am
Wondering if it a good time to re enter the market
Posted by GeauxTigers123
Member since Feb 2007
1355 posts
Posted on 4/20/24 at 5:54 am to
I always hold out until I am sure I can hit he absolute bottom day of each correction or recession. Buying ETFs and individual stocks allows me to trade in real time and also catch the exact second that the low point occurs (wouldn’t want those funds that trade at the end of the day). I’ve never been wrong either.

I also don’t believe articles like this one;

LINK
This post was edited on 4/20/24 at 5:58 am
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65833 posts
Posted on 4/20/24 at 6:40 am to
Timing the market & time in the market.

IYKYK
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30605 posts
Posted on 4/20/24 at 7:24 am to
I’m still waiting for the bottom of the last recession to enter the market
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75251 posts
Posted on 4/20/24 at 7:29 am to
The recession is always 6 months away.
Posted by Jag_Warrior
Virginia
Member since May 2015
4123 posts
Posted on 4/20/24 at 7:39 am to
quote:

Is this a correction in the market or a start of a recession?


What recession indicators do you see?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80790 posts
Posted on 4/20/24 at 8:14 am to
No one on this board can answer that with any type of certainty
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1581 posts
Posted on 4/20/24 at 9:38 am to
I can. It’s over when most of the first page of MT is filled with questions like this. Not enough varieties of this question yet.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11175 posts
Posted on 4/20/24 at 2:45 pm to
quote:

What recession indicators do you see?


Somebody doesn’t look at earnings
Posted by Beessnax
Member since Nov 2015
9175 posts
Posted on 4/20/24 at 2:52 pm to
How profitable were you the last time you exited the market?
Posted by slackster
Houston
Member since Mar 2009
85100 posts
Posted on 4/20/24 at 3:19 pm to
quote:

Somebody doesn’t look at earnings


I think the S&P earnings should be positive year over year, and earnings outside of mega cap growth names should start to recover this year
This post was edited on 4/20/24 at 3:22 pm
Posted by slackster
Houston
Member since Mar 2009
85100 posts
Posted on 4/20/24 at 3:22 pm to
quote:

Wondering if it a good time to re enter the market


When did you exit?
Posted by DeepShot
Member since Feb 2024
51 posts
Posted on 4/20/24 at 4:02 pm to
I exited vfiax March 22nd…sold everything…now its sitting in a money market acct…im rooting for a big correction or recession…frickk everyone else i want the market to tank.
Posted by LSUcam7
FL
Member since Sep 2016
7908 posts
Posted on 4/20/24 at 4:17 pm to
quote:

im rooting for a big correction


Consider you might see it 3-5% lower before moving higher than where you sold.

If you can accept that potential before it happens, you won’t sit out in cash waiting for the world to fall apart for a year or two.
Posted by DeepShot
Member since Feb 2024
51 posts
Posted on 4/20/24 at 7:21 pm to
LSUcam7…..i know i talked alot of shiit in my last post…but all i was tryin to say was i hope it comes down a little cuz the market is so over valued. But your last comment is spot on! Good post
Posted by Big Scrub TX
Member since Dec 2013
33518 posts
Posted on 4/20/24 at 10:07 pm to
quote:

Is this a correction in the market or a start of a recession?
I don't really see a connection between the two.
Posted by dualed
Member since Sep 2010
4704 posts
Posted on 4/20/24 at 10:45 pm to
If you sold higher than what whatever your stock or fund is currently at then buy in ASAP and consider it a win. I just moved my entire 401k portfolio to cash right before Powell announced no cuts anytime soon. And then we had the Israel/Iran crap this week. Bought back in 5% lower. I don't think it was smart. I just got lucky
Posted by TigerMan327
Elsewhere
Member since Feb 2011
5186 posts
Posted on 4/20/24 at 11:15 pm to
You heard about the Israel thing right?
Posted by Big Scrub TX
Member since Dec 2013
33518 posts
Posted on 4/20/24 at 11:52 pm to
quote:

I just moved my entire 401k portfolio to cash
WTF
Posted by dualed
Member since Sep 2010
4704 posts
Posted on 4/21/24 at 11:30 am to
Not like liquidation and paying a penalty and all that. We have a fund that acts as cash but it’s not called that. Valued at $1/share. But yeah, it’s obviously not a safe thing to do
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