Have we found the bottom, or is more selling to come?

[bjl584]

I keep hearing conflicting news reports, as is common all the time.
But, some analysts say we are near the bottom, and others say that the selling has just started.

Anyone want to look into their crystal ball and predict where the markets go from here?

I'm staying the course currently, as painful as it is.

[kork13]

Crystal ball is cloudy, and the Magic 8 ball says "Try again later."

But looking at it logically.... I expect that many stocks across the broad market will continue to drift downward over the course of the next 6-12 months at least. As the Fed ratchets up their lending rates, borrowing gets more expensive for companies. That weighs on their profits, and their ability to use debt for faster growth. On this vein, highly leveraged growth company stocks (tech is a prime example) will feel the brunt of this downward pressure. However long the Fed continues to raise lending rates, and signal the likelihood of further rate increases, this trend will continue (perhaps even beyond 12 months). This also accounts for none of the other compressive influences that such rate increases lead to elsewhere across the economy.

My credo: Continue buying on the way down, through the bottom, and ride it all the way back up when it comes.

[corn18]

I think we have another 20% left to go down on equities and bond funds will drop another 5%, but the yields will hit 4% so you will eventually get that back.

I believe we are in a recession now, we just don't know it yet.

[kork13]

I think we have another 20% left to go down on equities and bond funds will drop another 5%, but the yields will hit 4% so you will eventually get that back.

I believe we are in a recession now, we just don't know it yet.

That's probably a pretty reasonable guess, and agreed on the recession assessment. Time will tell, but the conditions seem right.

[QuarterMillionMan]

I got out mostly before all of this started but also missed out on the gains up so I'm looking forward for more downside. Preferably 50% like the 2007/2008 crash, I will have popcorn at the ready. Also, I'm hoping housing crashes too, I'm ready to pounce on it.

[Jluke]

Still falling. As soon as I bought one share of VTI in my kids account at around $198 market went downward.

[kork13]

Blood is still running in the street. It's almost remarkable to watch, and my contrarian nature as an investor is loving it. In the last 3 days, almost all of my low-ball "bad day" limit orders have executed:

Tue:
- 20sh FVRR @ $40/sh
Wed:
- 3sh HD @ $290/sh
- 5sh COST @ $490/sh
- 1sh TSLA @ $750/sh
- 20sh FVRR @ $29.99
Thu, within in the first 30 min of trading:
- 3sh TSLA @ $750/sh
- 15sh DIS @ $100/sh

Many of those orders were over 30 days old, set up >10-20% below then-current prices. Others (like the 2nd batch of FVRR) were reflexive to yesterday's activity.

I've only got a few more orders left, for AMD, BRK.B, and additional orders for HD, COST & FVRR. I normally keep 1-2 "bad day" & "really bad day" limit orders in place at all times, most of which never execute. But with that buying strategy, this period is a feeding frenzy for me.

So are we at the bottom? Probably not yet. But time will tell where it ends up. Meantime, I'll happily keep buying more & more shares along the way!

[LivingAlmostLarge]

I have not much money. I had picked up amazn at $2500 and google at $2400 and it's still down.

I think that the stock market drops another 20%. I also think that bonds drop 5% with 4% yields. I would love for housing to take a hit, but i'm not sure. Although my friend the realtor said our local market has as of 2 week ago hit a standstill. Less bidding wars and less price escalations. Affordability is where the problem lies. Also stock down 15% for broader market, but techs down even more = less ability to buy homes.