It will drop until the election and then depending on the outcome and challenges etc it will either settle or become even more volatile. If it goes really low I will buy as much as I can.
I think your overall reasoning is sound. The market has lost momentum since September. Selling on Monday was a little late but still good (index wise).I have about 29k in a hobby trading account (my "real" money is in 401ks that I don't touch)..
All of it, save about 6k I sent to cash on Monday
Market is down 800 today?
More to fall or is this the bottom?
I am expect Thursday and Friday to be hella volatile.
Gold, and to a lesser extent silver - the metals not paper - is somewhat like life insurance for most people. You don’t want to have to use precious metals for grocery shopping. And you don’t want your beneficiaries collecting your life insurance.If you bought an ounce of gold on 9/1/11 when the price was $1826, how much did you make if you sold today at $1880? Not much.
August 5 would have been a little better at $2038, but that's still not much profit for 9 years of waiting. Nine years of no interest, no dividends, no nothing.
And now that you've sold, what are you going to buy?
Question for you:Nutsnax has it.
1. Certain federal tax reductions will start expiring, as scheduled.
2. The change in treatment of federal total deductions will adversely affect taxpayers in certain areas.
3. Municipal and state deficits are scheduled to increase dramatically, and higher taxes will be imposed, a sort of stimulus to spiraling down.
4. The state and federal treatment of savings does not encourage people to save - especially when investors face a negative return on near cash investments after taxes and inflation.
The insanity has led to the Fed approving 7 year car loans, 3% down payments on houses (and the down payment can now be borrowed).
Let me give you an additional slant. A lot of Trump supporters were whopping it up when a new "trade deal" was worked out with the PRC. You really believed that there was a deal? You really believed that Mr. Trump forced the reds to back down? Ok. Now I give you the reality as I have a farm where soybeans are raised.
1. the pig crop in the PRC was subject to the equivalent of Ebola and 40% of the pigs were lost.
2. the PRC has had insects devastating the normal grain crop.
3. Reasons 1 & 2 were why the reds agreed to buy more crops.
4. As of October 1st, the reds have purchased less than 40% of the additional crops promised to Mr. Trump. The PRC is not on track to fulfill the promise. And, what is the series sanctions that can and will be imposed? Absolutely none.
5. Why did the PRC allow US chickens to be imported again when they had been banned since 2015? Look at reasons 1 and 2.
And, another slant.
Follow the container ship rental prices and consolidations. International commerce came to a near stand still. You still haven't seen the effects. Example, US toy orders have to be completed by August to ensure delivery of toys for Christmas. You don't have to be an economic guru to figure out that a conservative merchant is not going to take the risk that Christmas sales will as good or better than last year. Los Angeles is already festooned with "for rent" signs on vacant stores. Moreover, vacancy signs are now appearing on apartment buildings and may soon rival the number in the Great Recession.
800 points is a small percentage out of 23,000 points.