A Goober's Guess on Market Top...
Just a Goober's Guess:
Market Top will be 950 - 1000...
I don't know any charting and haven't heard any great stories or whatever. But, I do think the market panics of October/November and early March were rather stupid and rather insane. We needed a correction, not a panic.
So, with my beer blury eyes trying to focus on some squiggly lines, I will assume a standard correction curve and ignore the panic selling periods. That leaves us at 950 - a 30% correction bear market.
With the news that Congress and the Administration were about to open their yaks I moved to a very conservative allocation this past week. Uuuummmm, just before two very good market days. Caught some of the growth though. At my age, I should be heavily invested in the market.
Lookin' up at the 'G Fund'!!!
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