Iggysmom
Dryer sheet aficionado
4200. Think a correction is due.
Well, the average so far is 5047.59 (5.9% increase) and the median is 5147 (8.0%). I'll get another cup of coffee now...
Did you factor in the 1,000,000 above? That should help things out.
Figured I would reply with my reasoning like others have. Here's how I see the year playing out: Omicron peaks in mid-Jan, Fed completes taper in March, Fed raises interest rate to .25% in June, new COVID variant emerges in July / August, Fed doesn't raise interest rate in the fall, Fed raises interest rate to .5% in December. Gains will be strong in the market until the first rate hike in June, markets sells off after that and volatility rises with new variant and the mid-term election cycle. November and December are VERY strong months in the market to end the year. Unemployment falls to 3.5% by year end, GDP growth on the year is 4.5% and 10 year treasury ends the year at 2.25%.
For those who are confident in their predictions, I would be interested to know what actions you are taking with your portfolio to take advantage of your result. This is in the spirit of Nassim Taleb, who says: "Don’t tell me what you think. Show me your portfolio."
For DW and me, the most reliable market prediction I have ever heard is attributed to JP Morgan: "It will fluctuate."
I'm not confident as the standard deviation on what can happen is - like the last two years- much higher than normal. I'm 48% RRE, 35% equities, 7% cash, 7% bonds, 3% gold/silver/digital currency. I am most confident on RRE since I think high inflation is > 75% chance this year.
I'm going with 6001 due to rampant inflation.
6002.
Because I remember The Price Is Right.
RRE as in Residential Real Estate?
Do you adjust rents based on inflation?
For me it has no real impact. Markets are going up and down.For those who are confident in their predictions, I would be interested to know what actions you are taking with your portfolio to take advantage of your result. This is in the spirit of Nassim Taleb, who says: "Don’t tell me what you think. Show me your portfolio."
For DW and me, the most reliable market prediction I have ever heard is attributed to JP Morgan: "It will fluctuate."
I think we all need to recalculateI predict 5576 for 2022.
4200. Think a correction is due.