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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: techtrader73 who wrote (11918)9/4/2021 5:06:28 PM
From: Kirk ©1 Recommendation

Recommended By
berniel

  Respond to of 26789
 
Most credible people now forecast the S&P 500. Some of my favorites are Dr. Ed Yardeni and Jeremy Siegel, author of "Stocks for the Long Run" that dates back many decades with I think the 2nd edition in 1998. amzn.to

Dr Ed said he has the S&P 500 reaching 5,000 by the end of 2022 if not sooner and declines are buying opportunities.

I don't recall if Jeremy Siegel gave a target on CNBC the other day but he says pretty much the same thing for TINA... there is no alternative worth owning. He predicts we'll get about a paltry (compared to recent history) 6% a year which is GDP growth plus dividends.

That GDP plus dividends is what Jack Bogle said since he created index funds for regular people some time ago.

I feel the same and look at massive bear markets as great opportunities to not only buy low with my profit taking cash BUT to ALSO convert IRA stocks to ROTH stocks, something has has worked out VERY VERY well for me.



To: techtrader73 who wrote (11918)10/4/2021 10:44:56 AM
From: Kirk ©1 Recommendation

Recommended By
berniel

  Read Replies (2) | Respond to of 26789
 
Two more weeks of pain or longer according to Cramer

Jim Cramer actionable commentary via FREE email club today:

Here's what am I looking at for October 4, 2021:
  • - "Still no bottom in the market until at least two weeks."

  • Chipotle (CMG) price target goes from $1850 to $2100 at UBS...obvious call... stock at $1,828 — been saying will breach $2000 when it was $500. But still not late.

  • HC Wainwright says time to get back into Regeneron after bad selloffs on account of Merck. I still like Merck more and think it goes higher.

  • Boeing –deliveries below consensus BUT MAX improves—China approval this q? 787 4th q 2021. Trimmed estimates—still big trust name
Lower Low today on SPX:

More stocks I (Kirk) took profits in at higher levels are getting close to where I start to buy back shares. (Some I have already started...)