Quote:
Originally Posted by KhalDrogo
We did have a US recession in 2022 with two consecutive quarters of negative GDP growth. The White House tried their hardest to redefine what a recession is, and it worked judging from this thread.
|
And that should have been the time to DCA on stocks. Either you could have made use of the opportunity in 2008-2009, early 2020 and late 2022 to DCA stocks/index funds or you could be in one of those Bear or "The Sky is falling" camp who were saying the market will crash more. If someone bought alphabet and amazon for less than $100 in 2022, why should they care about what they were trading for during the pandemic peak (Alphabet ~$150 and Amazon ~$200)? It was just a reference point, not their cost basis and that is my point. Peak pandemic prices should matter only to those who bought at those peak prices. Again, I am strictly talking about recession and stock market. The world governments through Federal Reserve and other central banks have clearly indicated with their actions since 2009 that they will do anything to keep the stock market propped up.