(03-25-2021, 08:21 AM)kblake Wrote: NKE is just one of many stocks that will get punished this year. Everything is over valued. Stocks that were left for dead are up 100, 200 percent off the lows. You have companies that aren't making a dime make new highs. I can see 2021 being one of the worst in the market in some time. All these young investors believe buy everything and become a millionaire over night. Those people are in for a rude awakening. Buying a CD and keeping cash may be the best investment this year lolIf you are going to do it, get it done while the VIX is low. It rarely works out otherwise. I was calling for the market to be choppy since OCT 2020 through 2021. It took a while but it's still my thesis. This won't be 2020 repeated.
I'm looking at buying puts in certain stocks. In no way am I a bear. I just don't see this buy everything mentality working forever lol.
I've noticed a trend on this forum lately. Somebody throws up a buy of a quality stock and we all tell them it's overvalued. It's because it is lol. We are trying to justify buys on minor dips off overvalued. The way I see it is our other choices are sit on cash, or just get all in and ride the rollercoaster. My port if fairly defensive. I'll try to trade some on the side and snipe some of the runs off dips. It will work until it doesn't. I see no signs of a imminent crash, but IMO the market is going to scare easily with all the noise. It will remain irrational. Just look at something as boring as utilities. They pulled back hard when he 10YR treasury hit 1.60%. Most of what I bought is up 10-15% a few weeks later on the exact same rate that hurt them. A few vague comments from Powell is all that has changed. Easy to find other examples in other sectors.
Added literally just a couple shares of NKE in my growthy port. Sold puts in CSIQ-XOM-ALE so far.