Prediction for the next year is exactly flat IMO; lots of ups and downs, people claiming a crash, people claiming 4k, FED stepping in, interest rates increasing, inflation kicking in earlier than expected, Biden coming to office, civil unrest, COVID mutations and vaccines...all of it amounting to being flat as a pancake for 2021.
This is just a thought, but curious to know thoughts on the matter.
Watched an interview last night with Peter Lynch on the importance of corrections. If markets are overpriced, it's better to have corrections sooner, instead of years of growth followed by catastrophic inflation or extended periods of recession.
I agree with you - there's so many uncertainties that flat makes most sense. Biden is good news for some, bad news for others. Covid is good for some, bad for others. Interest rates are good for some, bad for others. The tipping point would probably be caused by something that is unknown at this moment.
FibonacciDiPisa
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@SarahTiara, yup totally agree…we have living in fantasy land and not been correcting appropriately, which would likely mean something similar to the great depression or the Japan ordeal…10, maybe 20 years of painful pull back…that is unless we have another crash by way of them kicking inflation in faster, which I actually think is more likely. unfortunately the powers that be did too much too fast and that comes with severe consequences..thanks for your post!
I agree with you - there's so many uncertainties that flat makes most sense. Biden is good news for some, bad news for others. Covid is good for some, bad for others. Interest rates are good for some, bad for others. The tipping point would probably be caused by something that is unknown at this moment.