re: Market sell off 12/20/23

Oh.
I thought it happened because I put in an order this morning to liquidate a stock mutual fund which happened at the 3 o’clock close.

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Could get a couple more days down but feel strongly we rip into mid Jan, then, watch out

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If I had a buck for every post I've ever read that was some variation of "the market will rip for the next X weeks, but then violently reverse" I wouldn't need to invest in the stock market.

Funny to me people think you can't beat the market perhaps that's the lie you've been sold so wall street keeps the game to themselves.

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Looks guys you’ve made it clear: you think I’m some doomsayer so I won’t provide any more thought. I offer up a reason for the move today and my thoughts so bring on the downvotes and do with it what you want.

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I don't think you're a doomsayer at all. You obviously have spent more time than I have analyzing the market and I respect your knowledge resulting from your analysis.

But I have no doubt there are thousands, if not hundreds of thousands, of people who have spent more time than you have analyzing the market and I wouldn't put all my eggs in their baskets either. And I'm willing to bet many of them have a different opinion from you about what's going to happen in the market.

People can be wrong. Current events, such as a sudden pandemic, can throw even the best market analysis out of the window.

So I always fall back to what I've learned from market history. Buy the companies who have a proven history of sustainable increasing profits over a long period of time while being aware that even those companies can stumble. Sears is probably the best example I can think of stumbling after being a market icon for decades.

I like how Warren Buffett said it, paraphrasing here, "Buy companies that if the stock market closed for ten years you'll still be able to sleep at night not worrying about the companies you've bought stock in."

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So for those of us paying attention, we should expect:

A few more down days that are very negative.
A huge upswing into mid January.
A significant downturn through the end of February.
A upwards move from March through May.
Stagnation in June and July.
A major market correction in early August.
A new 52 week low in early October.
A slow climb in November followed by a market run up through December and into January.
Followed by narrow band trading through March.


Did I get it all?

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Going to keep this to see if you are correct Nostradamus.