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Personal Finance and Investing

bucolic_frolic

(48,319 posts)

7. Few remember 1974, and fewer study it because it is not written about much

Reply to mahatmakanejeeves (Original post)

Sun Sep 25, 2022, 07:49 AM

Sep 2022

1968-74 was a debacle. The Nifty-Fifty crashed. OPEC clobbered energy. Gold took off. Stocks tanked. Blue chips of the day were dirt cheap in April 1974. It was the era of inflation and recession. We're not there yet. There has to be capitulation. Not crash and bounce. Capitulation.

Despite the week we had, there was no conviction. Volume remained moderate. There were just no buyers. So I'm thinking short term a bounce is due.

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Buying the dip is backfiring for investors looking to take advantage of stock declines [View all] mahatmakanejeeves Sep 2022 OP

They will in the long run. True Blue American Sep 2022 #1

Dollar average in with every paycheck. It's very hard to predict Tomconroy Sep 2022 #2

Oh, I do. mahatmakanejeeves Sep 2022 #3

Good morning! I used to think I could pick stocks. Tomconroy Sep 2022 #5

About ten percent of the time, it turns out well. mahatmakanejeeves Sep 2022 #6

The same for me at the horse track but now days I just Tomconroy Sep 2022 #8

The joy of the TSP bottomofthehill Sep 2022 #10

This message was self-deleted by its author mitch96 Sep 2022 #9

+1. When I was working that's what I did with my 401k. Dips bought more, peaks bought less mitch96 Sep 2022 #11

In a down year for markets, you might think high-quality stocks would offer a safe haven. [Nope.] mahatmakanejeeves Sep 2022 #4

Few remember 1974, and fewer study it because it is not written about much bucolic_frolic Sep 2022 #7

I bought stocks on sale back in mid-June after the S&P 500 entered a bear market (more than 20% down progree Sep 2022 #12