I'm not expecting a crash anytime soon. Some of the tech names got to nosebleed levels, but we had a good tech correction in Sept. The PE ratio on the S&P is too high for me. For 2021, my guess is a trading range, where valuation comes down over time. Ups and downs, in a trading range.
Is anyone here expecting this market to crash or turn into a bear market from here?
Started by
CLK
, Oct 16 2020 08:15 PM
13 replies to this topic
#11
Rich C
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Posted 18 October 2020 - 02:16 PM
Blogging at http://RichInvesting.wordpress.com
My swing trades typically last a couple of weeks to a couple of months.
#12
slupert
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Posted 19 October 2020 - 06:42 AM
No crash, pullback soon. I'm not a tech guy so if you can retrace my post to Fib read it. If the market does not get an EXCEPTABLE stimulus now, we won't get one until February at the earliest of Biden wins. That and the rising covid cases is entirely too much indecision for the market to take. IMHO you'd have to be crazy to buy i to that scenario at current valuations. (JMHO)
#13
12SPX
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Posted 19 October 2020 - 07:59 AM
33-years ago tomorrow:
Was also the end of an expiration cycle back then also. I'm sure the put sellers were happy lol!! I was a stock trader buyer back then and was a great day for bargains. Had to wait till night time to know exact fills lol!!
#14
redfoliage2
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Posted 19 October 2020 - 09:10 AM
I see it's not going to crash but range-bound till after the election day. My strategy is to buy dips and sell spike-up..............
Edited by redfoliage2, 19 October 2020 - 09:12 AM.
