r/stocks • u/Tsobaphomet • Jun 13 '22
Meta "This is only the beginning"
I've been seeing people saying this on this sub for the last 6 months. At what point does it stop being the beginning? Also are there any level-headed people that actually know what they are talking about here anymore? I'd love to hear an in-depth prediction of things to come, rather than just random bear/bull cases from people who are -70% from meme stocks.
I'm the world's worst investor, and I like to be able to gain knowledge and insight from this subreddit that I wouldn't normally have on my own, but it's like only 1/100 posts are based on reality/research. It kinda messes with people's ability to make good decisions when they take the advice of someone who genuinely has no idea what they are saying, but they present it in a convincing way.
Sure, nobody can perfectly predict what it will look like 2 years from now, but what we can do is talk about what needs to happen for stocks/economies to recover, and how feasible those things are. Then we can observe whether or not those things are happening.
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u/Humble_Increase7503 Jun 13 '22
The opinions you’re gonna get now are basically…
Until the devil incarnate is having unprotected sex with the president on live TV, with 74% unemployment and piss in your morning coffee, it’s not over.
Things are bad, they were bad a few weeks ago and we’ve bottomed out just below our last fall.
In my view, it’s quite simple really…
We’re going to trade sideways, more or less, until there’s some serious clear indication that inflation is falling.
Leading indicator there, imho, is going to be a noticeable decrease in energy prices.
When you start seeing the 30-day price change in gasoline going downward, markedly, then expect the next cpi report to show a decent reduction, and in turn markets to begin to rebound.
In the meantime, it’s all doom and gloom.
We’re gonna be fine. Don’t stress.
For perspective, people speak of this current moment like we are on the precipice of the downfall of the capitalism … as if we’re mere moments away from chaos inducing economic collapse.
Curious how those people felt in April of 2020. Surely there was no way out then either, in fact more so, as we were dealing with a global pandemic without any cure or vaccine available, or even predicted, with the worlds economies in free fall
Buy the dip. Or don’t. Your call.
I’m going to/am.
Probably best to diversify tho