Many pundits wrong this yr Dec 2022 from previous predictions - Morgan Stanley sp500 4400 to Oppenheimer 5300
WHat levels You folks think maybe end next yr
Stagnation, poor Economic conditions, perhaps severe prolong recessions. Feds pivot may not even turn market around because severe slow downs and poor ER
think we may end up sp500 near 4250 but what do I know
I hope we won't be at 3000 for sure (end of 2023)
They'll often predict 8% - 10% returns for the S&P 500
(near long-term S&P 500 avg.) in the coming year to play it safe.
I've read many of these predictions, but frankly, most are a waste of time.
My point being the experts you referenced had no way of knowing the 40 + trillion or so the global central banks would be pumped into the markets. Now that go bye bye maybe just maybe a more realistic investment approach is called for? Maybe all the newer bloggers and podcasters weren't the experts after all and maybe hussy, arnott and the grey beards will prevail?
Merry Christmas to all
There are no market clairvoyants. The pundits can't help us because nobody can predict short-term fluctuations. Nobody. And we all know this. Each year we read articles to guide us for the following year and each year they are mostly wrong.
If opportunities do present themselves in 2023, and you have (or horde) cash to deploy, then you are fortunate.
Predictions are like __(Pick a body part)____s. Everybody seems to have one.
The stigma of a potential recession is hanging heavy over 2023. Earnings estimates would have to come down another few levels, corporate debt is no longer cheap, etc. etc.
But the market could still rally in the face of ANY news out there, so.....good luck timing things. Its simply an unpredictable beast. My favorite line is "The stock market is forward-looking". But how can it really see into the future?
3Y return for Hussy Strategic Allocation is 7.68%
Not a hussy fan boy, but we'll see....
I looked at portfoliovisualizer, different data than M* though admittedly I didn't check if PV data is end of last trading day or end of prior month.
M* has tabs for Daily, Monthly, Quarterly.
Free StochCharts can provide charts to the last day (default) or week.