2023 financial predictions

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.

Majority Of Big Banks Predict Significant Economic Downturn In 2023 – Daily Caller

Where to invest your money in 2023 after rough year-end in the markets – FOX Business

Gold surges to 6-month high, and analysts expect new records in 2023 – CNBC

Jim Cramer: My worldview for the first half of 2023 and the stocks that will win – CNBC

Stocks usually go up. Just make sure to give it 20 years: Morning Brief – Yahoo Finance

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.

Jim Roach

About Iowa Life

Experiencing life in Iowa.
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3 Responses to 2023 financial predictions

  1. I sold some Taiwan stocks back in early summer (2022) that weren’t great but they were consistently solid. I didn’t trust a China invasion. Bought 110 stocks in a European stock that was connected to multi stocks that were supposed to be pretty much safe (nothing is safe). The beginning of December I went on line to check how my 110 were doing. They were GONE! I had a 39 cents value on those 110 left.

    • Iowa Life says:

      Oh my gawd I’m so sorry. It is rough messing around in stocks. After messing around for 4 years with pot stocks and crypto (and losing my shirt), I’m sticking with big safe mutal index funds or their ETF clone. When I retired I stumbled upon this site that told you what the return on the S&P 500 was over your work career, it was like 28%. Because of my stupidity in 2008 (getting out at the bottom), I wasn’t anywhere close to 28%. I keep telling my son, stick with Vanguard’s index funds, you’ll do fine. Frankly once they are “up”, I may just transition to CDs (3.5% right now).

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