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comment by uhsguy
uhsguy  ·  611 days ago  ·  link  ·    ·  parent  ·  post: I Became a Disciplined Investor Over 40 Years. The Virus Broke Me In 40 Days.

I sold on the first bounce after the 5% crash, because it was clear that the market finally started to take virus into account and it was gonna blow out. Unfortunately missed the bailout bounce, I don’t really have the risk appetite for it since I expect it to be a short pop and then continued unwind.





mk  ·  611 days ago  ·  link  ·  

I agree that there is no reason to rush in. I expect the Dow to dip below 13,000 before the bottom.

uhsguy  ·  611 days ago  ·  link  ·  

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/