Let us have a fun game. Predict the bottom and average price for a set of stock symbols most frequently discussed in this forum. We can revisit end of the year or early next year to see how good or bad we were. Purely for fun and entertainment. If you have some insights to share on how you arrived at your prediction, will be great.
Best to get to the bottom ASAP. Seems like Powel’s plan. I hope he does a better job than Volker. 1980-1981 was a bear. The oil shock was brutal, plus 18% interest rates. I survived. But it wasn’t pretty. RE did surprisingly well. Stocks finally recovered in 1982 and had a bull run after 15 years of stagnation.
Need to wait for the key events end of this month. Bottom will be once we have inflation relief and FED takes their pedal off the interest rate hikes. Expect severe punishment for companies with not so good earnings, even a spectacular earning will only have a slight increase until we have clarity.
One other event to watch is the I-bond expiration – lot of money has gone into these bonds and once we have some recovery in stocks, expect a small spike once I-bond rates goes down & money flows back to stocks