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Stock Market Weakness

lucabrasi999 (585141) writes | more than 7 years ago

User Journal 0

Today (May 30th), the DJIA dropped a total of 184 points (almost 2%). That wiped out the gains that were made over the previous three days. I think that we are definitely out of the bull market from 2005 and early 2006. I also believe that, at best, we are in a trading range. But, I'm beginning to think we are heading towards a bear market. I'm mostly out of stocks (and have been so for about three weeks). I am now waiting for bear to be reached.

Today (May 30th), the DJIA dropped a total of 184 points (almost 2%). That wiped out the gains that were made over the previous three days. I think that we are definitely out of the bull market from 2005 and early 2006. I also believe that, at best, we are in a trading range. But, I'm beginning to think we are heading towards a bear market. I'm mostly out of stocks (and have been so for about three weeks). I am now waiting for bear to be reached.

The DJIA is at 11,094. When it reaches 9,400, that will be the 20% drop that makes it a bear market. That is when I jump back in.

Of course, if I am wrong, then I don't lose money, I just don't make as much as I could have (I leave money on the table). Instead of keeping money in the stock market funds, I moved my money to much more conservative investments. I still earn some low level of interest, just not the 8% return that I have been making over the past couple of years.

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