First of all I appreciate how this thread is proceeding. Some obvious differences of opinion, and it's been nothing but respectful. Folks would be telling others how stupid they are on a lot of forums.
I'm pretty open minded, and I know there is 100+ years of market experience conversing on this thread. We should have seen it all by now lol, but the reality is we haven't. If I was certain my views are right, you'd be reading about the 1000 shares of stock and all the calls I bought this week. Instead, I'm buying 5 or 25 shares since this got rough, and spreading it out among beaten down stocks with good divs. Trying to make a little income here and there, and peeling a few extra shares off the top and bottom of whatever I think might be the trading range for now. I have an end game though. The market is not going to force me to panic or get FOMO.
This market might drop 40% or make a new ATH next week, or more likely trade sideways and choppy for a while. I've seen a lot of scared markets, and I've seen a lot of greedy markets. It seems to me we have both going on here right now. The flu thesis says we are almost surely going to see something catastrophic, and the other side of the trade seems to be scared they'll miss out on the next run higher. My opinion evolves some with the daily news. The market knows half the companies are going to pre-announce an earnings miss. I'm left wondering if that will even matter because the market will look ahead a couple quarters to the better times with renewed earnings growth and the flu receding. The market moves aren't about politics IMO. I'll continue to trade around this some, and stay a little cautious, but mostly invested for the long-term.
I'm pretty open minded, and I know there is 100+ years of market experience conversing on this thread. We should have seen it all by now lol, but the reality is we haven't. If I was certain my views are right, you'd be reading about the 1000 shares of stock and all the calls I bought this week. Instead, I'm buying 5 or 25 shares since this got rough, and spreading it out among beaten down stocks with good divs. Trying to make a little income here and there, and peeling a few extra shares off the top and bottom of whatever I think might be the trading range for now. I have an end game though. The market is not going to force me to panic or get FOMO.
This market might drop 40% or make a new ATH next week, or more likely trade sideways and choppy for a while. I've seen a lot of scared markets, and I've seen a lot of greedy markets. It seems to me we have both going on here right now. The flu thesis says we are almost surely going to see something catastrophic, and the other side of the trade seems to be scared they'll miss out on the next run higher. My opinion evolves some with the daily news. The market knows half the companies are going to pre-announce an earnings miss. I'm left wondering if that will even matter because the market will look ahead a couple quarters to the better times with renewed earnings growth and the flu receding. The market moves aren't about politics IMO. I'll continue to trade around this some, and stay a little cautious, but mostly invested for the long-term.