My take on the current market

and why Patience and getting Ready for the upside makes sense.

I always try to look at the “big picture” and from there look at the weekly action of the markets.

That helps with managing emotions which, as an individual investor, is the most fascinating aspect of investing.

If you follow market action daily, pay attention to your feelings and instincts.

It is crazy and fascinating to notice how it can change wildly in a matter of days: from high optimism to pessimism like a pendulum.

We are in such type of market in 2022.

We just had the worst first 6 months for the market in 50 years! (link).

The Big Picture - backdrop

Since 1945 there have been almost 6X Bull market years vs Bear years. (chart source)

Also, Bear markets last 1.1 years on average vs. almost 6 years for Bull markets.

What’s the point?

After the current Bear market, there will be… a new Bull market!

Let’s keep that in mind.

The Big Picture - the economy

The…