Have patience hold cash and the opportunities will come to you

CrystalRose
2023-12-21

$NASDAQ(.IXIC)$ $Nasdaq100 Bull 3X ETF(TQQQ)$ $Nasdaq100 Bear 3X ETF(SQQQ)$ $Invesco QQQ Trust-ETF(QQQ)$ $NASDAQ 100(NDX)$

Good to know that one of the very few analysts who correctly called the bull market is also recognising that the market is perhaps getting a little too greedy at the moment. I share the same view, still bullish, but am certainly paying more attention to valuations and themes for 2024 rather than just buy-and-hold.

Lots of money still sitting in money market funds too. Certainly possible that markets could go higher.

I am thinking maybe stay overweight equities, but be more selective and go for the undervalued themes.

Have patience hold cash and the opportunities will come to you. As Munger said: it’s not the buying and selling that makes you wealthy. It’s the waiting

That would be my plan for 2024.

How will S&P close at the end of 2023?
S&P 500 dived on Wednesday but then rebound on Thursday. Some believe the expected correction has finally arrived. Others say vacation starts tomorrow and all the traders liquidated their positions. ------------------------ How will S&P close at the end of 2023? A short-term correction or a santa rally?
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