This 20 year chart shows you the big picture.
1) Unlike 2007. The market wasn't way overbought like in 2021.
2) In March 2020 that 30% covid drop was fast however this time risk of a negative cross of the sma is possible.
That hasn't happened since 2008.
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Replying to
What is your criteria to buy stocks after crash? When it’s finally time to buy & hold how do you decide which ones to buy?
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Until I see that FED does their first rate cut, no long term long position. Pretty simple and easy criteria. Like when they announced QT and rate hike and it was an exit signal. You don't need to look at anything else.
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Replying to
Now the big money question is do we get a technical bounce off that level first like in 2008 or just plow straight through?
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Bounce prob for midterm elections & then straight down..
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