We live in unprecedented times. The recession in 2020 was not so much a recession as it was a lockdown. Using “normal words” to describe the economy in the last 3 years, we believe, does not make sense.
Sunday, January 8, 2023
Whither the market in 2023.......?
The only Wall Street strategist-type forecast I’m willing to make is this: The stock market will have a correction in 2023.
I’m not exactly going out on a limb here for one simple reason — the stock market has a correction every year.
My work shows over the past 100 years or so just 5% of all trading days experience an all-time high for the U.S. stock market. Invert that data and that means 95% of the time as a stock market investor is spent in a state of drawdown from an all-time high.
The stock market cannot go up every single day. In fact, historically the stock market is only up on roughly 55% of all days that it’s open and down on the other 45% of days.
Monday, January 2, 2023
You just never know..................
2023 predictions from "America's Newspaper of Record". My favorite is the one for November 25th.