Hi, Pat and Team.
Can you share your experiences in learning about and then learning to manage expectations during different cycles of the Stock Market?
The things I am curious about are as follows:
- Yearly and quarterly cycles.
- 4-year political cycles (I read that the year before a presidential election is usually the economy's most improved year).
- The major cycles with crashes/recessions.
- Can you share your experiences with 1987, the dot com bubble, the 2008 recession, 2020's crash, etc.?
- Are there any other big events that shocked the market?
My reasoning is that when I first started with MW, I believe what I experienced was that I was catching a lot of the big winners for 2020's rally after the crash. In late summer of 2020. Then earnings season hit and I learned that that was a period of harder to get returns. I felt frustrated. I was just had to learn that the market isn't just an ocean of stocks that mostly go up. I had to learn that the market and the indices get extended and need to take a breather periodically.
What I understand so far is that the summer has doldrums and the late fall and winter months are the market's biggest returns, on average.
Thank you again!
Eric