05-10-2021, 08:37 PM
Chips will be fine though it may take longer than we once thought. Indexes are near ATH. The only thing broken is spec with high or no PE. They are technically broken and there is no obvious bottom. Some of them may not fully recover for years or never if they miss growth targets. There are many with an entire port full of those and crypto. Major indexes aren't cheap but reasonable enough. The market is very efficiently clearing up excesses. It's healthy actually. If one put all their eggs in the gambling basket then they will learn their lesson. Along with those who averaged down with no rules.
A lot of these are names we traded here a few months ago. What I didn't see here was anybody averaging down 10 times with an inappropriate percentage of our port. That is how you devastate your port. I was distracted buying crashing UTEs. That's not the same risk level. I think we have learned how to live to fight next quarter or year. Each in our own way.
I was absolutely certain you would get your face torn off if we didn't talk you into curbing your tech enthusiasm. It's rare when diversification doesn't come in handy at least a few times a year.
A lot of these are names we traded here a few months ago. What I didn't see here was anybody averaging down 10 times with an inappropriate percentage of our port. That is how you devastate your port. I was distracted buying crashing UTEs. That's not the same risk level. I think we have learned how to live to fight next quarter or year. Each in our own way.
I was absolutely certain you would get your face torn off if we didn't talk you into curbing your tech enthusiasm. It's rare when diversification doesn't come in handy at least a few times a year.