(01-04-2021, 12:16 PM)divmenow Wrote: Get ready for a 20% correction. It will be a sea of red for months. Get ready for the nightmare especially when Georgia wins and the DEMS gain control. Trump screwed up and I was a big supporter of his until now lol. And No I am not headed to the other side. I just see how it is and its quite frustrating to see how things on both sides are shaping up. . I wont get into politics but its getting crazy now. I miss the 80's when technology and social media didn't exist lol
I'm selling everything and buying CD's lol
And I see there's another follower of ARKG. Its a cult don't you know that hahahahaha
I think you may be right on Georgia and the market. I'm looking for a big correction as well. All these young investors are looking for the quick buck and tech and all these other high priced stocks are on nose bleed sections and need to come down. No one has a long term view anymore. Its all about the quick buck. They all follow the money, and they don't know what a correction is. You will see stop losses taken out.
I did the same and bought stocks on hype. ARKG is one of those. When you look at those holdings. When the Nasdaq crashes this fund will lose 15-20% percent. And we all know what went up big doesn't guarantee you the same success the following year. I'm not just singling out ARKG. Its a huge list of over valued ETF's and stocks. CRWD, ETSY, SNAP. I own all those names like CRSP, BEAM, EDIT, NVTA and PACB. SO will be averaging more if they crater lol
I feel once the pandemic is over people wont be home to trade this market. The volume will dry up. And once we go back to to norm all these hyped stocks will be no more and the names we all know will out perform them.