When March 2020 hit, what was the trigger for any of you in this thread to buy? Were you DCAin the whole time, or did you deploy large amounts in waves? I haven't been buying because most indications are trending towards more downturn. For a brief time, I was "buying the dip" on a few stocks/crypto assets and they would keep "dipping".
Now I'm just watching the markets cause while I know you can't time the bottom/market, just putting money in now just doesn't seem like the wave at all IMO.
This something I consider as well. For me there’s a few catalysts I’m looking for, that haven’t happened, yet.
For one we don’t know what the FED’s Wednesday meeting will bring.
The market is funny it could sell off like everyone is expecting or it could suddenly rally to throw people off(this isn’t even unprecedented).
I think if the latter were to happen it would only be temporary.
In March 2020, remember people were just at home with nothing to do.
That’s a different ball game then now. Plus companies weren’t allowed to fall organically like we should see.
The stock market is looking like a menstrual cycle but reality still hasn’t reflected yet.
When we see more lays, spy dropping significantly more I think we can start to play a bottom.
Even today, spy dropped but nothing dramatic enough. I keep saying around 360 ish we should expect a bottom.
With it said, some stocks are on sale. I'll probably do a little buying tomorrow afternoon. Then wednesday afternoon as well.
After that I'll be watching for other catalysts as the come up.
The next MAJOR catalyst(aside from wednesday), I have marked is when the big banks report their Q2 earnings(week of 7/11/2022). That should officially declare us in a recession.
