Not into stocks and shares, but seems financial markets had a bad year
"As 2022 winds down, the S&P 500 (SP500) is on track for its worst annual performance since 2008, sliding about 20% for the year."
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Feel free to reply to any comment by clicking the "Reply" button.2022 has been quite the bumpy ride for financial markets, especially with the S&P 500 taking a hit of around 20%. It's a stark reminder of how unpredictable things can get out there.
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KielmitauKielm
Level 2
Sep 13, 2023
0
and i should care becuz......
AnneWimsey
Level 9
Dec 30, 2022
0
puff:
I would have thought last year would have been worse with covid lockdowns etc
The market has been in an upsoar for 12 years 5/09 to 10/21. The last down market was 10/08 to 4/09 but that was a brutal crash, almost a depression. 2022 was a correction, and not really a broad based one. So it's being spun as the worst down market since 2008. That is technically true but 2022 wasn't even close to 2008. Not remotely. Not a little bit. October 2008 to April 2009, on the left. January 2022 to January 2023 (forecast) on the right. Not great but not anything like sub prime mortgage carnage.
barjoe
Level 9
Dec 30, 2022
2
puff:
Call me the "C" word, but if pharmaceutical companies and weapon manufacturers were taken out of the equation; how would it look then?
("C" for Cynical of course)
Gotta admit, stock market/ money supply stuff does my head in. Beyond me.
Hey there! Yeah, it's been a rough year for the stock market. But don't worry. It's common for markets to have ups and downs. If you're not into stocks, there are plenty of other options to explore. And if you are into trading, it's good to know about order block in trading. It can affect the outcome of your trades. Just remember to take it easy and don't make any hasty moves. Btw, what are your predictions for 2023? I'm really curious to know. Anyway, happy investing. Waiting for your reply.
@HoustonYork Whatever you're selling? Don't want any.
I am, I'm coming out ahead this year, been trading since 2011. Learning to trade is no small task.
Archeus_Lore
Level 7
Dec 30, 2022
1
puff:
Interest rates are getting good. At what percent would you move assets out of stocks and into high interest bearing accounts?
@puff I would not under any circumstances, other than extremely extraordinary conditions! Why?
#1. Just because the stock market is shitty, does not mean that ALL stocks are affected. Choose the right stocks, and you will thrive even in down markets. I look for stocks that have a year-long upward trend, have good gain rates, have revenue coming in, are making a profit, and have high institutional investment.
#2. I also trade using kristjan qullamaggie's strategy, (https://www.youtube.com/watch?v=WswZwmr2ebU) after learning it, I then started studying stocks ahead of time and drawing out channels, and setting alerts for when the stocks jumped upward out of their channels. When they jumped out I would get the alert and decide if I wanted to trade them.
Referring back to #1, I use screeners to find these kinds of stocks, they can have gain sometimes as high as 4x the original amount invested over the span of one year. Can high interest bearing accounts do that? I don't think so.
I am also a coach on a discord forum for traders run by Scott Curry. SC is on YouTube too. (https://www.youtube.com/watch?v=M3F110Qh3u8) I do NOT trade using Scott Curry's methods, he likes options to much for my personal taste. Options are HIGHER RISK, and while I trade mostly stocks occasionally I do trade options, covered calls, or something I expect to be lower risk compared to most option plays. I help new traders in the forum learn, and I myself learn new things just by reading what other traders are doing.
My view is that to many traders go into trading with the mindset that they can become rich over night . . . . there are YouTubers all over hell's half acre selling that idea, and in my view it destroys one's ability to trade well when someone adopts that mindset.
*************Trading has risks, and, I do not pretend to be anyone's financial advisor, so everyone trades at their own risk, and understands that their trades are their responsibility, which is exactly as it should be.
*************Enjoy being online again!
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