Win At Life said:
YouBet said:
JP_Losman said:
So are stocks trading on fundamentals again and not QE now that the Fed is done with that business ?
No one can possibly know that.
IMO, most of the money thrown in the economy since covid has made it into the marketplace or markets, which caused the inflation, housing boom, crypto and stock runup of the last few years. I think that's leveled off just about now and things will get a bit more back to normal. But some of that extra money in the market still COULD get pulled out; driving things down. The question is will everyone do that?
Much to my chagrin (and depending on what day you are asking me), I never got out. I still question every day if I have the right risk profile. We are taking ours down a level but the consensus is that back half of 2023 is going to be pretty nice. I won't believe that until I see it.
Where I'm mad at myself is that most of my investing in 2022 was first half of year and not much happening last half of year. So from that regard I bought at the 2022 top and on the way down. Most of that is simply bad luck as 401ks and IRA contributions are generally maxed in 1H for us.
But I realized this the other day in reviewing the year that I didn't buy much at the low point of 2H22 simply because my investment contribution annual goals were mostly early.
I need to rethink that in volatile years but I don't like trying to time the market.