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Will S&P hit 2700 over next 9 months?

Posted on 6/16/22 at 7:23 pm
Posted by Chad504boy
4 posts
Member since Feb 2005
166322 posts
Posted on 6/16/22 at 7:23 pm
I’m thinking that’s my buy in target. I know nothing about shite.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48576 posts
Posted on 6/16/22 at 7:25 pm to
I say no, not that far down.
Posted by Chad504boy
4 posts
Member since Feb 2005
166322 posts
Posted on 6/16/22 at 7:26 pm to
I see huge issues looming w housing and inflation and interest rate hikes amongst anything else.
Again I know nothing about shite
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48576 posts
Posted on 6/16/22 at 7:30 pm to
I think inflation will cool some this year but maybe later in the year. Those rate hikes will take a while to churn through the system.

I can't see us falling another 25+%. That would put us almost on par with 08-09 when the global financial system was about to collapse. This doesn't feel that bad although I could always be wrong. Wouldn't be the first time
This post was edited on 6/16/22 at 7:32 pm
Posted by KillTheGophers
Member since Jan 2016
6218 posts
Posted on 6/16/22 at 7:34 pm to
Yes
Posted by Shepherd88
Member since Dec 2013
4590 posts
Posted on 6/16/22 at 8:57 pm to
I think you gonna be stuck waiting for that to happen just like everyone else who’s too scared to jump in
Posted by Boomer Rick
Member since Apr 2021
141 posts
Posted on 6/16/22 at 10:08 pm to
So does the market, that’s why it’s down.
Posted by Zzyzx
Member since Nov 2018
1884 posts
Posted on 6/16/22 at 11:41 pm to
Posted by Realityintheface
Member since May 2022
1784 posts
Posted on 6/16/22 at 11:42 pm to
I would agree we are in or will have a recession soon, but 2700 is too low. S&P already close to 25% down. The average bear is around 34% down if I remember the figure right. That’s roughly 3150.
Posted by PUB
New Orleans
Member since Sep 2017
18247 posts
Posted on 6/17/22 at 1:09 am to
Nasdaq down 35%. Those billion $$$ cash cow tech companies Apple, Msft, Google and Amazon are suddenly bad, very very bad
This post was edited on 6/17/22 at 10:23 am
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 6/17/22 at 1:25 am to
Probably so…

Posted by ronricks
Member since Mar 2021
6841 posts
Posted on 6/17/22 at 4:30 am to
Housing and banking will remain fine. We will have other’s issues though. Banks have more cash than they know what to do with right now.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123945 posts
Posted on 6/17/22 at 5:53 am to
quote:

Will S&P hit 2700 over next 9 months?
No
Posted by FLObserver
Jacksonville
Member since Nov 2005
14472 posts
Posted on 6/17/22 at 6:37 am to
quote:

everyone else who’s too scared to jump in


Why would anyone still be scared to jump in now? A lot of Companies are near 52 week lows and are near/lower than pre-covid levels. If you are not buying at least a few shares of Good companies now at these discounts then i believe you will miss when the market does turn.
Posted by slackster
Houston
Member since Mar 2009
84991 posts
Posted on 6/17/22 at 6:53 am to
quote:

Probably so…


Gotta love a good technical analysis with zero context whatsoever.

Let’s just ignore the fact that banks were failing in the former analysis.
Posted by Bdiddy
Member since Jul 2021
233 posts
Posted on 6/17/22 at 6:56 am to
It depends.
Posted by Privateer 2007
Member since Jan 2020
6190 posts
Posted on 6/17/22 at 6:58 am to
quote:

good companies


You think particular companies or sectors?

I'm big on energy, mining, food, utilities, and chemicals.
shite people actually need.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14472 posts
Posted on 6/17/22 at 7:25 am to
quote:

I'm big on energy, mining, food, utilities, and chemicals.


Yes these are some of the companies i've been buying at discount . Still waiting for travel stocks, Tech, Military/defense to get a little cheaper but they are getting close to nibbling stage
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123945 posts
Posted on 6/17/22 at 7:37 am to
quote:

You think particular companies or sectors?
Recession stocks/sectors (Consumer staples, Health care, Utilities) if you think we're headed for a deeper downturn. Mild recession is already priced in though, and IMO 'mild' is more along the lines we're headed.

I am slowly putting a large cash position back into the market. Targeting best of breed, value, dividends. With companies like GS selling below book, value seems to be there. But my guess is we're still in for a rocky couple of months, so everything I'm doing is partial-buy, dollar-cost averaging.
Posted by skewbs
Member since Apr 2008
2008 posts
Posted on 6/17/22 at 8:31 am to
While equity markets and the economy typically move in sync, they are not directly correlated. It is wise to understand that.
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