Comparing $SPY today to historical US Economic Recessions
I wouldn't be buying the dip if I were you...
We're still incredibly early into this recession, and nearing highs only 117 days since the latest ATH on 2/11/2020.
Historically, other recessions have resulted in DEEPER drawdowns over much LONGER time periods. I don't believe we are anywhere near out of the woods as we watch everyone and their mother opening Robinhood accounts to buy the dip and Davey Day Trader becoming a nationwide media sensation, I think it's time to take a step back.
This is NOT to say there aren't specific stocks that will do well, and continue to do well. There are always winners, but realize they are definitely fewer and far between during these times.
We're still incredibly early into this recession, and nearing highs only 117 days since the latest ATH on 2/11/2020.
Historically, other recessions have resulted in DEEPER drawdowns over much LONGER time periods. I don't believe we are anywhere near out of the woods as we watch everyone and their mother opening Robinhood accounts to buy the dip and Davey Day Trader becoming a nationwide media sensation, I think it's time to take a step back.
This is NOT to say there aren't specific stocks that will do well, and continue to do well. There are always winners, but realize they are definitely fewer and far between during these times.
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