Do you think the market will go lower?

[QuarterMillionMan]

Scott Minard of Guggenheim today on CNBC predicts 20% lower by mid-October 2022.

[james.hendrickson]

I wonder how accurate the financial media is...most people say its best to just turn them off and focus on the earnings fundamentals of the stock or fund you're looking at.

[QuarterMillionMan]

They say you cannot time the market but with all the signs on the wall I say you cannot bury your head in the sand either. I got mostly out of stock a while back. I plan to get back in later, but why ride the roller coaster down and then back up again?

[ua_guy]

Daytime financial TV...lol

A 20% market correction in the next 6 weeks? Ok sure

[QuarterMillionMan]

These days and times are not my grandfather's stock market anymore of setting it and forgetting it. Buy & hold doesn't work anymore. I can sleep good at night not having to worry how much I could lose tomorrow.

[james.hendrickson]

These days and times are not my grandfather's stock market anymore of setting it and forgetting it. Buy & hold doesn't work anymore. I can sleep good at night not having to worry how much I could lose tomorrow.

Whats the evidence for the assertion that buy and hold doesn't work any more?

[disneysteve]

I got mostly out of stock a while back. I plan to get back in later, but why ride the roller coaster down and then back up again?

That’s called market timing and it never works. You won’t know that the market hit bottom until it has gone back up at which point you will have missed a chunk of that recovery. Pretty much every study ever done backs this up.

I’ll keep DCA on the way down and enjoy the eventual recovery owning even more shares.

[QuarterMillionMan]

Whats the evidence for the assertion that buy and hold doesn't work any more?

Ha-ha, not sure but I know slimmer are my chances of making money in this environment and greater are my chances of losing money so I'll sit on the sidelines for now. I'll DCA on the rebound up.

[disneysteve]

Ha-ha, not sure but I know slimmer are my chances of making money in this environment and greater are my chances of losing money so I'll sit on the sidelines for now. I'll DCA on the rebound up.

So you’d rather buy when prices are rising? Have you never hear of “buy low sell
high”?

[QuarterMillionMan]

You're right. I should DCA now on the way down getting it on sale. I've been doing that with bitcoin on the way down buying it on sale.

[kork13]

I'm ever the contrarian.... a question for those who may trade more frequently than I?

Are you aware of a (hopefully free & easy to use) service that can monitor market indexes or specific stocks/ETFs, then send me an alert when it hits a certain level? This is totally lazy of me, but it would be really nice to be able to just set alerts for the market levels that I'm interested in (whether to start buying "low" or selling "high"), and only then actually start thinking about putting in those transactions once I know the assets I'm interested in are at the levels I'm interested in.

Case in point --- I missed my chance previously (~Feb'21 - Feb'22) to sell out from the JETS ETF back when its shares had risen back up into the mid-high $20's, partly because I wanted to wait for my shares to hit LTCG status. I've given up on maintaining 60-day sell limit orders in my Vanguard account, but I do eventually want to step away from them whenever the value rises back up to my target. I can afford to wait (and intend to, even though I'm profitable with those shares even today), but I just don't watch the markets often enough (I'll check maybe once a month out of curiosity?) to really watch for that opportunity again. So I'd love having something in place to get my attention whenever it gets within my "sell" parameters again.

[QuarterMillionMan]

I didn't know there was a 60-day expiration on a good till cancelled (GTC) sell limit order. I thought it lasted how ever long it took. Might be a question your broker can answer.

[QuarterMillionMan]

I think we are only seeing the beginning of this down market. I won't be jumping in yet. I have lots of popcorn and will be watching for a while. I might miss out on small incremental gains but at least I would be bleeding like a flowing river of outflows.

[Scallywag]

I know we can't "time" the markets but I am darn nervous. I haven't contributed money in a while but that's because we're also building up our down-payment funds but if there's a 20% pullback, I'm jumping ALL IN.

Stocks on sale are ALWAYS attractive....

[Jluke]

I know we can't "time" the markets but I am darn nervous. I haven't contributed money in a while but that's because we're also building up our down-payment funds but if there's a 20% pullback, I'm jumping ALL IN.

Stocks on sale are ALWAYS attractive....

2022 Year to date performance of S&P 500 is around -18%