I'm affraid the virus is about to scare the market back into its hole like groundhog day.

My goal is S&P 3200, and would really like to see 3250 before withdrawing but I'm affraid the virus news will scare the market back down before it gets there.

I dont think theres much time left, 3 weeks at most or it could start tomorrow.


Anyone else thinking similar?

Anything happening in the very short term that could.give the market a little boost?

I am expecting a 5-10% pullback at some point in the next few mos.

I'm sitting over here cash in hand ready to jump back in.

Imagine being somewhat certain of when the market is going to correct.

May be. I wouldn't be crying if it did.

4% drop since the post was initiated on 6/22. 9 % drop since June 8.

halfastros81 said:

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4% drop since the post was initiated on 6/22. 9 % drop since June 8.

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I wish I had got out when the
S&P was at 3150 a few days after this post but I didn't, was hanging on for 3200.


I've still got some I could add to my S&P fund to average down.


I also think it gets worse come fall/winter and gets better before then now that government is starting to take action again.

All we really need is leadership encouraging masks

Cloud. Go back to the feb playbook

FunkyKO said:

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Cloud. Go back to the feb playbook

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Cloud?

What's the Feb playbook, all in?

Companies that benefit from stay at home and new world life after covid.

If the market doesn't do a covid down slide tomorrow i think i may get out of S&P, play it safe and see if it falls again with recent trends.

Seems like the market has shifted away from concerns about new cases and towards deaths which makes sense. It would make more sense to look at hospitalizations but it makes more sense than new cases for the reasons everyone knows.

Texas is starting to show a spike in deaths but thats just 1 state and without looking the fine detail it sounds like AZ and FL are in the same boat



On a national scale we can see the very begining of what may or may not be showing a spike on the national level. Im sure Tx, AZ and FL own a lot of the responsibility but nonetheless will the market react if it keeps going, even if its really a handful of states?

California is coming up too. Other states haven't started an uptick just yet. I think it's about to get ugly.

Ogre09 said:

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California is coming up too. Other states haven't started an uptick just yet. I think it's about to get ugly.

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Yeah...and California too.


Check out whats reported just so far today vs yesterday in FL and AZ. Usually Tuesday thru Friday the numbers are stable.


But those two habe already doubled over yeaterday

I went ahead and got out of the funds that were exposed to the S&P today. Closed at 3152 so lower than the 3200 plus I wanted but I see the lip of a spike forming on the national level due to the 4 states driving most of it

So nearly half my 401K is in a stable value fund now

topher06 said:

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Yes, Jerome Powell is likely to give the market boosts in the meantime.

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This is my only market concern right now... how long can the Fed keep it up and then what? Seems like at some point it's gonna get ugly.

I'm frequently tempted to shift to mid and small cap indexes because they're not as artificially inflated...

But then FOMO kicks in and a wanna keep riding the wave.

What did you move into? Cash?

A stable value fund that makes like 2% a year

We dont have a straight cash option in our 401K