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Stock market wobbly

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james03:
Looking pretty sick.  Looks like 4150, and maybe down below 4000.  Could be the debt ceiling fight going on.

Hopefully a pull back lasts until after Jan. 1 when I fund my IRA again.

james03:
This market looks bad. 

On the plus side, should set up a nice stock sale when it comes time to fund the IRA.

ChairmanJoeAintMyPrez:

--- Quote from: james03 on October 05, 2021, 09:05:34 AM ---This market looks bad. 

--- End quote ---

Let it burn.

May it humble all the people who believe in an expanded role of the Fed.

May it awaken all the people who say, "This time is different."

Lynne:

--- Quote from: james03 on October 05, 2021, 09:05:34 AM ---This market looks bad. 

On the plus side, should set up a nice stock sale when it comes time to fund the IRA.

--- End quote ---

The Irish Republican Army?!

 :laugh:

james03:
Looking ugly.  I'd be either short or on the sidelines.  I'm holding off on funding the IRA.  Hopefully looks like stocks will be on sale for a massive discount in the near future.

I'm not giving stock picks, but I'll discuss a strategy you should look into.  Identify some solid companies paying a nice dividend, say 3-4%.  Energy is a place to look.  Then wait.

During a bear market, the big guys are forced to sell their best holding just to raise cash.  Which means even the great stocks go lower.  That's when you buy.  And you lock in a starting dividend of 8%.  And you never sell after that.

Something to consider.

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