What to Do during the Downturn
My prediction is that the market will hit its bottom within the next 18 months, settling just above Dow 30,000 and then begin to regain ground. Why do I make this prediction? Because it's an easy-to-remember number for investors who are superstitious, and because we only reached it in late 2020. If the largest public companies stay within this “safety zone,” then there will be no cause for further alarm.
I hope I’m being unduly pessimistic, of course. Strong earnings reports this month and next may soften the blow. But even in a bear market, there will always be opportunity. For me, it’s a chance to fine-tune my tools for technical analysis; more on that another time.
In the meantime I’ll be posting more about sustainability, civil liberties, technology, and business culture in general. As an English major and lifelong writer, I may even add a few book reviews into the mix.
The market is here to stay. Time and life responsibilities permitting, so is this blog.
Thanks for reading.
CREDITS: Chart sourced from finance.yahoo.com, 4/22/2022, after close of regular trading hours.
DISCLAIMER: Lotus Rose is not a registered investment, legal or tax advisor or a broker/dealer. All investment and financial opinions expressed on Lotus Trader are from the personal research and experience of the owner of this newsletter and intended for educational and informational purposes only. Although every effort is made to ensure that all information is accurate and up-to-date, occasional unintentional errors may occur.