This market is artificial (see the attached article). There’s two options, you can go YOLO and follow r/wallstreetbets or buy recession proof stocks. Good luck! 👍🏽
I personally don’t know how I feel about the stock market right now. One one hand it’s booming and on the other the government is propping it up. How long can that last?
are you okay with potentially losing 30% at any given moment? You can ride a wave upwards and that's where I'm at right now. However I'm also ready to liquidate immediately because there are no fundamentals to warrant these values. Spending is flat or down now. 25 million people are still unemployed. Certain industries like retail have expedited their contraction that was inevitable anyway. There are a lot of contributing factors that will tell you this market is funneled by cheap money. And When Powell said a week ago that we arent going back to the January normal until 2022 or 2023, that should tell you a lot of where we are and how far we have to go.
This market is artificial (see the attached article). There’s two options, you can go YOLO and follow r/wallstreetbets or buy recession proof stocks. Good luck! 👍🏽
https://www.google.com/amp/s/www.cnbc.com/amp/2020/06/29/the-fed-is-buying-some-of-the-biggest-companies-bonds-raising-questions-over-why.html
I personally don’t know how I feel about the stock market right now. One one hand it’s booming and on the other the government is propping it up. How long can that last?
S&P and NASDAQ closed at all time highs so not the best time. Personally over the last 30 years I have contributed steadily and rode it up and down.
are you okay with potentially losing 30% at any given moment? You can ride a wave upwards and that's where I'm at right now. However I'm also ready to liquidate immediately because there are no fundamentals to warrant these values. Spending is flat or down now. 25 million people are still unemployed. Certain industries like retail have expedited their contraction that was inevitable anyway. There are a lot of contributing factors that will tell you this market is funneled by cheap money. And When Powell said a week ago that we arent going back to the January normal until 2022 or 2023, that should tell you a lot of where we are and how far we have to go.