Think we're close to bottom?
I'm still worried about what's going to happen now that Trump put another 50% on China starting tomorrow (will be 104% total on China imports) to retalitat against China's additional 34% tariffs placed on US this weekend.
This tit-for-tat s#it going to crater the world economy. They got to negotiate and stop screwing around.
Tough to call with the cryptos.
As far as ohter markets, there's a very real chance the world basically goes into a recession and it could be months away, and could take months to resolve. Could be drastic for US equities.
A very real chance.
It's necessarily all doom and gloom, but trying to call a bottom in the first thrd of the first inning of a 9 inning game might be pushing it.
Good news is that the bond market didn't take a huge hit as stocks did. Liek I posted in the other thread, Trump was handed a great economy, so there should be resilience there.
Instead of going for the bottom, choose to buy and hold, but be prepared to go underwater another 10% while doing it.
The same goes for crypto, always a buy and hold.
My strategy is to get very technical and even day trade these markets. I plan to nickel and dime my way to profits. Not sure if I'll taken on the crypto markets with this strategy.