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While thinking and talking about this can be fun and entertaining, we should remember no one has a crystal ball. No one. Too many of us are fooled by randomness. Therefore, instead of planning for one outcome or one prediction, we need to plan for a range of outcomes. "He who lives by the crystal ball will eat shattered glass." -- Ray Dalio

What do those outcomes look like?

A few interesting predicted-outcomes are as follows.

It is still wild times indeed and volatility continues. The bear market is upon us. Buckle up, but brace yourself to make it through unscathed.

There’s nowhere to run with stocks down, bonds down, crypto down, inflation eating away at cash, and currencies depreciating vs. the dollar.

And we rarely see the Fed raising rates into a bear market or a recession.

So, what should you do?

Inflation data has come in and changed interest rate expectations. Minneapolis Fed President Neel Kashkari provided clear insight a few weeks ago. Read more here.

Many Americans believe they can retire on 500k in a retirement account like a Traditional IRA or a 401k. Is this possible?

We keep hearing about how this inflation cycle is going to be like the 1970s, but what if it is more like 1946? Remember that one? Me neither.  WWII had ended. Soldiers came back home, got married, bought houses and tons of other things: cars, appliances, etc. The economy reopened in a mangled fashion: 

Going back to WWII, three years after a recession, we have had negative returns zero times. Five years after a recession: All positive returns with many triple digit returns. Ten years after a recession: All but once, the cumulative returns are triple digits.  Read here for a positive outlook on the market.

Overheard Positives on the Economy and What You Can Do. Is there a positive sign anywhere with all the strange stuff going on in the economy?

One of the tallest office towers in St. Louis lost 96% of its appraised value. Denver’s former World Trade Center complex faces foreclosure. An oil company’s vacant Houston workplace sold this year at a $67.4 million loss to lenders. Other wild things running around this economy...

We are in unchartered territory with the combination of high inflation rates, the Fed increasing interest rates, high home values, low unemployment, and a bear market, all while potentially entering recession. It is uncommon for the Fed to increase interest rates into a bear market.

Is tax loss harvesting for you? There are many benefits and if done correctly, it could help you. Read on to learn more.