Just for fun, you can vote and share your opinions on the market next year even if you are not a short term trader I am going with down between 10 to 20% although the market rarely went down 2 consecutive years in the past. In recent years stock investors got a little spoiled by low interest rates, if the FED funds rate remains 4 to 5% for the near future then we probably aren't heading back to the ATH anytime soon. Many are thinking inflation will come down next year but the China reopening might be a wild card, hard to see inflation going down all that much if China is able to reopen fully at some point in 2023 unless something goes really wrong for the US economy. Just my opinions and my guess, I could be dead wrong here. Happy New Year and let's hope most of us here will make some money in the market in 2023
When all is said and done, I think 2023 will be up very slightly (1-5%) with tons of drama in between. More specifically, I think the first 2/3 will completely suck and the last few months should be the start of a bull market to lift us up on the way to a good 2024.
Up between 1&5% is my guess from today's closing number of 3845. I see lots of downside in the future, then we slowly climb our way back up. Interest rates and loss of jobs will cause some major problems.
Howdy Stock1234, You gave a lot of Options to Pick From! LoL. I’m thinking +5% to -5% Range. I Picked Down -1-5%. Will I Stop Buying? No. Happy New Year! -IndependentCandy14.
It’s Like these Analyst. No One Knows. Throw a Dart. Try to Get it Right. This will be a nice thread to revert back to in 364 Days. LoL. -IndependentCandy14
Nice poll. Always interesting to come back to later and see how things actually end up. I voted up +5-10%. I'm just wired to have a positive outlook, I can't help it.
Growth between .02% - .05% , since the term recession was redefined then stagflation will be thrown out on a regular basis and that's the new go to word to keep they herd in check.
I think the December low is very important. So since we started 2023 right at the low, I figured I would wait as long as I could to vote in this poll. I'm voting up >20%. Everyone knows the yield curve (10y / 2y) inverted...and that means a recession will occur (possibly more than 2 years afterward). But did you know that the SPX peaks AFTER the inversion as well? TradingView only has 10y - 2y going back to 1988. See chart with 2 panels. Top panel is SPX and bottom panel is 10y - 2y with a black line at the inversion. I just marked off 3 prior times where the yield curve inverted (ie bottom panel). And you can see SPX in top panel goes higher to peak before the recession drops.
Thanks for those of you who have participated and voted, should be fun when we look at it at the end of this year The poll will be closed in today, last call to those of you who haven't voted yet
Nice bump. Those who were bullish definitely are looking good as of now, we will see how the market will finish up the year in the next few months
Just 1 month left and looking good for those who voted for up between 10 to 20% I will try to create a similar poll for 2024 if I remember it
By reading the messages, looks like @emmett kelly is the only one who voted for up between 10 to 20%, let me know if I missed anyone else who voted for up 10 to 20% as well
