How more will the stock market drop this year?

Question

Or, will it go up the 2nd half of this year?

Answer 1

we are due for a major crash, I think it will go a lot lower for the next 2 years. HOWEVER I am still buying stocks and will continue to do so as the market gets lower. You just have to do more research in the individual stock.

Answer 2

I am waiting for the DOW to go below 11,000 before doing anything.

The entire financial world is swamped in bad news - inflation, high oil, credit crunch, subprime, housing collapse, wars, crime, gangs, unemployment -  the list goes on & on.

There is nothing in sight that could give stock prices any lift, on a sustainable basis.

I am presently 75% in cash, 20% in bonds, and only 5 % in Mutual Funds.  I can sleep at night, even though I know my assets are losing buying power by the day due to inflation - at least I won't be losing the principal.

Answer 3

could drop 5% more, but look for a rebound the 4th, quarter and some new record highs 1st. quarter next year.  new money in the market should be added dollar cost averaging until 4th quarter