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re: What do we see next, S&P 500 at 6000 or 4000?
Posted on 2/7/24 at 5:48 pm to WhiskeyThrottle
Posted on 2/7/24 at 5:48 pm to WhiskeyThrottle
quote:
The market just hasn’t made any logical sense in the last 3 years.
I remember a friend once saying off handedly that the market has become totally detached from reality for years now. I think about that a lot.
I was pretty bearish for the last two years and finally accepted that I'm missing out on more gains by simply sitting on cash than buying in, seeing gains, facing a market dip, and getting the gains back in the long run.
2
Posted on 2/7/24 at 6:58 pm to Thundercles
Since the consensus seems to be that the market is going to keep ripping and many are becoming smug about it, I'll say 4000.
Posted on 2/9/24 at 3:10 pm to Thundercles
quote:
quote:
The market just hasn’t made any logical sense in the last 3 years.
I remember a friend once saying off handedly that the market has become totally detached from reality for years now. I think about that a lot
As long as there is payroll, there will be large sums of new money being dumped into the market each week.
And those large sums are inflation adjusted (a benchmark on deposits this year is much easier than that same benchmark 10 years ago).
The only thing slowing that down would be unemployment, and we don't have an unemployment problem.
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