I get so tired of prognosticators who love to tell us what’s going to happen, but never remind us of how they did a year ago. God forbid I remember a year from now to revisit this post, but if I do it should be interesting.
Big Tech will have a better year in 2023 analyst says – Yahoo Finance
Me? There was an interesting graph in the Yahoo article above: “Stocks usually go up, just give them 20 years”. The only time the market was negative multiple years in a row over the past 40 years, was 2001 – 2003. Every other year rebounded. And the longest was at the turn of the century, the “dot com bubble”. Frankly, that’s what I see repeating, a multi year decline. I don’t see boom times until a Republican takes office in January 2025.
I suppose the big variable is China seems intent on spreading this new COVID variant around the world, as it lifts travel restrictions just as they are hit by a major outbreak. If the U.S. government decides to play “pandemic” again, there could be serious stock market implications.