Nasdaq is dropping harder than the NBA ratings. Good time to buy some “cheap” tech stocks? Or is this just the beginning of a big drop?
OT Nasdaq
- Thread starter TampaBaySkers
- Start date
we were do for a drop... market responses to up beat good and bad news.
Today is job fears.
crypto is down as well.. I'm considering an entry point, but don't want to get rekt.
the fed's new 'policy' change seems as though they will let things run hot inflation wise.. so can't sit on the sidelines very long.
the fed's new 'policy' change seems as though they will let things run hot inflation wise.. so can't sit on the sidelines very long.
Today’s reduction, in my opinion, is all about investors who made a ton on the tech stocks, selling off for a little profit (aka, put some cash in your pocket).
They will get back in and sell off again when they earn another 10%. This additional money is also keeping the real estate market going strong.
They will get back in and sell off again when they earn another 10%. This additional money is also keeping the real estate market going strong.
In my opinion, the rebound in the stock market was the biggest gift stock market investors could get. It’s time to take your gains and put them into safe places for a bumpy ride ahead.
The Great Recession, second worst financial disaster to only the Great Depression, had 16 million people unemployed at one point. We have over 30 million collecting unemployment benefits right now. As soon as the additional stimulus the unemployed are getting stops, foreclosures, repossessions, and bankruptcies will climb up. With more potential shutdowns, this thing will be very ugly, especially for the lower income folks.
Add to this that in the last few months, new applications for brokerage accounts have spiked. That means people who have likely never invested before are gearing up to invest. The herd is never right, they are setting themselves up for slaughter.
Time to do what Warren Buffett is the master at. Practice patience. He will forgo some short term gains knowing that things will really be on sale in the future.
The Stock Market has made no sense for quite a while.
Why it was sky-rocketing while unemployment and businesses were being shuttered amid a pandedmic is beyond any belief this summer. No longer do people with any common sense invest, it is simply about "movers and shakers" that make huge $s amid trying times for many.
The only market plays worth playing anymore are ETFs. Play for or against a 'market'. Not nearly as volatile, but you can make some serious money.
Why it was sky-rocketing while unemployment and businesses were being shuttered amid a pandedmic is beyond any belief this summer. No longer do people with any common sense invest, it is simply about "movers and shakers" that make huge $s amid trying times for many.
The only market plays worth playing anymore are ETFs. Play for or against a 'market'. Not nearly as volatile, but you can make some serious money.
Yeah I put some money on a few tech stocks at the right time. We’ll see what next week looks like.
Another rough day for the nasdaq.... At least initially.
AAPL down 5.7% & tesla down 15% in pre market
AAPL down 5.7% & tesla down 15% in pre market
Yep taking a hit on Tesla, but my Nikola stock shot up with thanks to GM news.
Some times I make good decisions.
Yup good move. I sold a bit before it hit $50, but glad I did.
Ton of upside potential
The hell is that? A penny stock?
Here are two pharma plays if you want them:
$TAK - convalescent plasma treatment for COVID in trial now
$BIIB - Alzheimer's treatment news soon
$BIIB looks attractive for fundamentals initially. I'll need to dive into that one more.
$BIIB
There's the pop. Up 40% today on news of its Alzheimer's treatment.