InvestorsHub Logo
Followers 84
Posts 32292
Boards Moderated 85
Alias Born 03/22/2005

Re: wow_happens28 post# 73

Thursday, 10/12/2023 4:18:00 PM

Thursday, October 12, 2023 4:18:00 PM

Post# of 97
>> reasons stocks will go up? >>

On the plus side, the Fed is almost done tightening, inflation has come down a lot, and the economy has been resilient. And near term, I think the Fed has been trying to prop up the market to offset the bearish effects from the Israel-Hamas war. It appears the PPT / Plunge Protection Team stepped in, and several Fed Governors issued dovish guidance, so an attempt to prevent a selloff due to the war.

On the negative side, there are lots of reasons to stay out of the market and collect the easy 5% in cash / T-Bills. Tough to say, but probably not a time to stick one's neck out too far. Fwiw, I'm sitting at 18% for the stock allocation, so fairly low, and also decided to put it exclusively in the S+P 500 instead of individual stocks / sector ETFs. The long term goal will be to maintain a 20% stock allocation, but still a 'work in progress'. It sure seems like a tough time to be an investor, but at least cash and bonds are now paying a good % rate, so less reason to be in stocks.




---

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.