Market Crashing in next 4-6 weeks? Thinking about 30% correction? Anyone seeing that?

funnylikehelpful
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

I am watching for this as well. I liquidated all to cash this week. Interest rates on the rise, inflation, National security concerns, evictions soon, employee shortage, tax increase proposals. It’s gonna be a big correction because of big things happening at once.

funnylike

Nooo don’t do this you’re making a costly mistake

like

Time in the market beats timing the market

like

🥱🥱

like
Recent IconRecent

And this belief is based on what?

like

KPMG2 banging his keyboard every night after he clocks out

Post Photo
likefunny

Yup. Totally see it in my crystal ball. 31.69% actually.

likefunnyupliftingsmart

31% so that we’re left with 69

smarthelpful

Economists have predicted 10 of the last 3 corrections 😂

likefunny

Should be around a 17.8% drop in market next thursday

likehelpfulsmart

21 yr old here w/ a full cash position. Gonna chuck my entire intern monies into the dip!!

likefunny

All the best intern. You are our future!!

like

It will rip higher until it doesn’t. Does this end well? Probably not, eventually, but at this point who cares. It’s a fools errand to try to call any market tops. It could go on for years.

It’s an unprecedented time and unprecedented approach everyone has to the markets. History suggests it might not end well but precedent can only go so far given the situation of the world now. I think the best way to think about it is just don’t.

Hedge according to your comfort level and focus on other things than a market crash.

likesmart

I think you have the right idea. I’ve already had some epic mistakes this year trying to time the markets, or responding to what i thought were “obvious signals.”

Just dollar cost average into reasonable things that you know will return one day if things do crash (eg. Enter memes and spacs and obscure alt coins at your own risk). I’m also avoiding margin and options, although i am playing a little TQQQ.

Nobody here will agree with you. Of course the market is dangerous as all hell with the level of mania that’s existed all year. But until a massive flush happens, probably sometime in the next 18 months, people here will just call you paper hands for suggesting it could go anywhere but up.

like

(Not selling…yet…getting way to much national news traction now on Forbes, NYT etc)

SPY 550 by 12/31

like

💯

Nice, helpful perspectives. I’ll HODL

likesmart

Fake news being spread by Hedge Funds, banks and other institutions to make retail investors scared and sell early. Then they’ll buy back at relatively lower prices. I fell for this before and lost a lot of money. Please be smarter than me and hold on for the long run

like

We are due and i’m holding cash. Will be buying dips

like

VTI and ad-hoc individual stocks where I see good opportunity.

Sounds like this fella has paper hands folks!

funny

Long term investors with strong conviction don’t care. But if you just put a deposit on a Tesla, go ahead and plan accordingly.

like

My wife is 42. Her grandmother made it to her mid 80s and her mom is poised to do the same. So we need to plan to provide income for her for about 45-50 more years.

Obviously, we will be drawing on our nest egg during that time, but I expect to be sitting on a fair amount of cash in retirement (I’ll sell my primary home and move into my yet-to-be-bought vacation home upon retirement, I’ll have deferred comp cash toll in during my first five years of retirement, my RSUs will best en masses upon retirement), so much of what I have in securities now will still be in securities then, and will remain in securities at a greater ratio than you’d otherwise expect because of my heavy cash position upon retirement).

So no, I’m not planning on working or living until I’m 100, but making sure that there’s still money around when I’d be 95 or 96 does seem prudent given my wife’s age and familial longevity.

like

Or it could go up 30%

like

Only up only up!

😂 every other day there’s a correction post.

like

Sell! Sell!

like

If you could time the market so well why'd you be wasting your time in Consulting?

like

Not 30% but May be 10% but we need to go to SPY 455 first, then a 10%

@D3 to have cash on hand to immediately buy the dip. I pulled my money of the market when I learned about the Wuhan lock down and then bought dips across the airline, cruise line and casino industry, got nice returns there. Not saying it wasn't risky, but it was an educated guess. Next time this happens I'll include calls on pharmaceuticals too, history repeats its self, live and learn.

Related Posts

Watch newb here looking at these prices of the watches you guys post..how many of y’all have fakes but are flexing as if they are real? It’s anonymous so this should be interesting

likefunny

Hi ladies!

After years of hard work, I just got my first position in a leadership role! Yay! I’ll be leading a team of 12.
I wanted to know if you had any tips for me, things you wish you knew before, or things previous leaders did for/to you that you found admirable or stayed with you. I want to make sure I’m there for them and want to be a leader they will remember positively.

Thank you so much!!

like

High performance wagons? Have under 2 years left on my m340 lease and really wish we got more wagons over in the States. Anyone have any recommendations for consideration? 2 kids fit fine in my car now,
but could use more space and do not want a SUV.

What’s a good way to find out what’s hot in insurance (PnC)? I cut my teeth in PnC but have been in health for a decade. Contemplating a jump.

like

Someone learned that sand is cold.

Post Photo
like

Did any of you ladies start having trouble sleeping till late once you turned 25-26? I used to be able to sleep till 9 am easily right until last year and now suddenly my body is up at 6:30 am and I can’t fall asleep. I’m frustrated because I want to sleep atleast till 7:30am. But can’t fall asleep once I’m up. I’m also tired when I wake up so it’s not like I had enough sleep. I cannot live like this for the rest of my life. What is wrong with me? 😭😭 Any suggestions appreciated!

like

Hi everyone would anyone be interested in referring me to Tech Company looking for an AM/CSM? I have over 5 years of experience in the position Onboarding, Training, Retention and Reducing Churn.

likehelpful

Hello all,

I am starting to learn data science

Which book is the best to start from scratch

Thank you

like

Visa doesn’t have Sick leaves??? Why? MasterCard has 8 days of Sick leaves on top of PTO’s.

like

How does cognizant takes for project allocation?

like
like
like

Any thoughts on Macquarie in Chi?

like

Hello! I'm in internal HR as a HRBP but am looking to get into HR Consulting in the next 2-3 years. Among the Big 4 Accounting Firms and Big 3 (MBBs), which has the best HR Consulting practice?

like

Anyone know anything about working at Isobar? Thoughts?

like

I can’t be the only straight C Math student that snuck into Tech Consulting and now have no idea what I’m doing. I think I’m going to run away to law school.

likefunny

What’s the hair salon situation now? Any recommendation for Asian Male straight hair?

like

Anyone knows if it is possible to use wageworks commuter card to buy train ride in Europe?

As a newbie to the industry (1.5 years out of college with ~2 years at my agency), how do I know if I’m being underpaid for my work? Am I just naive to think I should be making more than $45K? Does it ever get better? Lol

like

Does JP morgan has any shift allowance? If yes how much they pay for US shifts (ideally 1-10 or 2-11)

like

Additional Posts in Personal Investment Chatter

For those who save a lot of money or have received a large inheritance. Such as someone who doesn't owe a mortgage or have any major expenses, or owe any debt...

What are you planning on doing with the money? I have 200k indexed along with money in my retirement and I spend on average about $500-700 a month total. I am saving about 3k a month between retirement and brokerage.

like

Are there any ETFs for blockchain companies?

like

My partner and I are in our late 20s and spend about $6k a month all in in HCOL area. We gross a bit over $400k annually. Is that reasonable?

like

Currently building a house, 6 months to go and have down payment and a little more in a HYSA. Is it wise to put the remaining in an S&P 500 ETF to capture some of the bull market or hold onto cash?

Thoughts on a high yield savings account (~2.25% interest) vs a money market account (~2.5% interest)?

like

Looking to invest in some new stocks. Any recommendations? TIA

like

Can someone explain to me what my cost would be if I took a 50k cares act withdrawal from my 401k? It says there is no 10% early withdrawal penalty but the income tax will have to be paid. If I withdraw 50k how much will I actually take home after applicable fees and NYC taxes? I'm trying to figure out if it is worth dipping into my retirement. Do anyone have any experience with this? Thank you.

like

What are you doing with the money you are saving right now?

like

If you have a side gig/small company that you run while working as a consultant, how much extra compensation does that bring you in each year, on average?

like

Does anyone have experience adding authorized user to a fidelity account?

like

About to close on our first house and wondering if you can pay mortgage using credit cards to get additional point benefits (or a prepaid debit card that is replenished using a credit card). Don’t want to let 30k worth of expenses go without benefits if at all possible. Thanks in advance

like

I’ve seen a couple posts lately with comments saying that people should not use a Roth 401k. Does the logic below capture the spirit of that concept?
1. Use trad. 401k to reduce taxable income now. Convert to trad. IRA once retired, then convert gradually to Roth IRA (ladder, SEPP, etc.) at lowest marginal tax rate
2. Use Roth IRA (and/or backdoor Roth) to take advantage of tax free growth and ability to withdraw principal early without penalty

like

It’s not much compared to most of the posts I’ve seen in this bowl, but I finally hit $10k NW after I started working FT in August.
Everyone in this bowl has been a tremendous help in this process. I’ve never been good at saving, so this is a big milestone for me. Thank you again to everyone who gives out advice in the bowl, it is truly invaluable. Happy NYE! ❤️

Post Photo
likeupliftingsmart

26 years old. Thinking about doing Grad school in 2 years. I have been doing Roth 401k. Should I keep on doing that or switch to Trad 401k? Info on this is so mixed :(

like

Is BRK-B a buy right now?

like

What are some ways you guys earn passive income (other than stock market) ?!

like

I make $140k in New York. Should I invest a Traditional 401K or a Roth 401K or do a split?

like

What does a single family house (with basement) home owner insurance costs. Just looking for a range. Looking for a ballpark.

like

Newbie question: why mutual funds over ETFs? I've learnt how each work but curious to learn from experienced investors here why one would pick funds over ETFs

like

New to cryptocurrency and want to invest in it. Recommendations welcome. How to start? Coinbase vs. GBTC via Vanguard? Is it a good time to enter?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal