I think we are going to fill the gap up form the late 2017 tax boost. the gas has run out and the risk trade is off. looking for long entries when S&P goes below 2500....backing the truck up below 2300.
Comment:
just an update....I'm still waiting for the bottom to really come. Peak to trough I think the indexes will lose 20-30%, call it a bear market, I say tax fantasy correction. So, S&P could go as low as 2200-2300 in my opinion. I'm guessing we'll see an opportunity below 2400 by late Q1 maybe late Q2 at the latest. As stated before. I'm buying below 2500, and laddering in with 100% allocation below 2300. Good luck, we're getting close to the buy zones.
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just an update....I'm still waiting for the bottom to really come. Peak to trough I think the indexes will lose 20-30%, call it a bear market, I say tax fantasy correction. So, S&P could go as low as 2200-2300 in my opinion. I'm guessing we'll see an opportunity below 2400 by late Q1 maybe late Q2 at the latest. As stated before. I'm buying below 2500, and laddering in with 100% allocation below 2300. Good luck, we're getting close to the buy zones.