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mk · 1706 days ago · link · · parent · post: I Became a Disciplined Investor Over 40 Years. The Virus Broke Me In 40 Days.
I agree that there is no reason to rush in. I expect the Dow to dip below 13,000 before the bottom.
There may be additional inflation pressures on the dollar that were balancing against but that’s gonna be a hard thing to guess. The true inflation numbers haven’t been reported since the mid 90s. Maybe I’ll just use the pickup truck index as a proxy 1.4 factor from 2008 puts us at 12000 on the Dow , I think that’s a pretty fair guess https://wolfstreet.com/2019/12/15/my-pickup-truck-price-index-crushes-cpi-for-new-vehicles/