US Inflation and What To Do About It Message Board

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Strategies & Market Trends : US Inflation and What To Do About It

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To: RetiredNow who wrote (1348)	1/27/2020 12:55:40 PM
From: Rarebird	Read Replies (2) of 1504

I am not surprised to hear from you. You have been a great contrarian market indicator over the past couple of years. Whether it continues or not remains to be seen. Eventually a broken clock is proven correct. Yes, you tend post to me near the bottom of market corrections, letting me know how worthwhile it has been not to be in equities. Historically speaking, stocks have always come back and recouped all loses in short order once a virus such as this has gotten under control and travel bans been lifted. I severely doubt this is the start of a bear market. The market was outrageously overbought, one of the top 3 overbought markets in history. It is an excuse to correct. How much will the market correct? I have no idea. Maybe 5-6%. 10%? Who knows. Life is composed of ups and downs. It is all about managing risk and having vision, just not for the short term, but for the intermediate term as well. I have no reason to brag about my positions or attack those who have been wrong. My satisfaction comes from looking at my brokerage account. There is nothing unusual about being wrong. It is stubbornness that is costly.

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