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Strategies & Market Trends : Dividend investing for retirement

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To: Rarebird who wrote (34108)	9/6/2022 10:36:00 AM
From: Rarebird	3 Recommendations Recommended By E_K_S rdkflorida2 Thehammer Read Replies (2) of 34328

Things are going to get much worse for the stock market before they get better. 90% of global PMIs are falling and those are leading indicators for stocks. I have been saying since the beginning of the year that this is a Fed induced Bear market. Powell and company will do whatever it takes to bring inflation down to the 2% area. If that means destroying your long stock portfolio in the process, they will do it. With QT ramping up this month, I think the Jamie Diamond analogy of a "hurricane" approaching for stocks is quite appropriate. Sure, there will be more bear market rallies and strong one day counter-trend rallies to clear the oversold condition, but make no mistake about this: stocks are headed to new lows and the worst of the Bear hasn't even started yet. I would be more concerned about protecting my long portfolio than acquiring income. Averaging down is a very risky maneuver unless you have a heart of steel and a long term horizon. Economy should bottom by next summer.

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