Ask HN: Has the Stock Market Bottomed?
Seems like the stock market has been going sideways for the last year, inflation has come down, rate hikes slowed down, tech stocks recovering, have we bottomed?
Trying to time the bottom means you're losing out. There's lots of under valued stocks right now if you're looking too buy and hold for a year or more. Most airline stocks are still way undervalued. Even if you missed covid dip they still are going to go up another 30-40% over the next few years.
It might be worth it to wait on the debt default stuff, but I would still say there's many good choices no matter how that plays out... Unless you're in to day trading. Are you investing for long term gains or looking for short term gambles?
There won't be an enormous crash because it's not going to happen. There won't be a big bump because it's already been priced in.
Get in today, wait a month, it doesn't make all that much difference. Time in the market beats timing the market. Get in now, pick up the tiny bump from the inevitable resolution of the debt ceiling thing. Or wait; it doesn't matter all that much in the long run. Assuming you're in it for the long run. And if you're not, you're wasting money trying to time it.
Billions. Trillions.