Quote:
Originally Posted by scho63
Do you see more uptrend or possible correction?
I'm conflicted but see upside more than downside.
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I see a short term uptrend with plenty that could put us into more downside risk/return to bear market territory. But I also know I'm just one douche and I try not to let noise freak me out and continually invest as the long term trend is almost always your friend!
If I was older, I'd definitely be more cautious right now. There are some out there predicting a true bear market and possible 2008 crash sometime in the next 2-5 years. I think if you saw housing crash again, followed by some banking issues those could be a catalyst. Probably lots of conjecture in that though from those predicting it.
Here's a good reminder using the monthly chart of the S&P for the past 10 years. Pretty incredible isn't it? Staying consistent will get you much farther ahead, especially if you can get consistent when you're younger.
