and S007S
Trust me, you get a few days of 500-1000 dow point drop days and that psychology changes within seconds!!
I cringe to think how many shorts are stuck from the past 4 weeks.
- Thread starter hafez50
- Start date
Trust me, you get a few days of 500-1000 dow point drop days and that psychology changes within seconds!!
Relax. You'll get that and then some.
Are you talking about 200-300 point s$p points or dow? I'm assuming dow
Bingo complacency is huge. Those 97% who were crying in fear a mere 5 weeks ago feel so confident we never fall again
I hear you, but I never coined "be greedy when others a fearful, and fearful when others are greedy." That was Buffet's catchy little jingle.....and let's be honest - a 30% plunge in stock indices is the definition of fear.
Yep t
Throw that jingle away. It's useless. Why because after a 10 year bull market that jingle never rang true. He was never fearful when others were greedy for that decade long bull.
Throw that jingle away. It's useless. Why because after a 10 year bull market that jingle never rang true. He was never fearful when others were greedy for that decade long bull.
I bought it at 214 and let it go at 255. the low was like 212 or something carzy. I had Roku at 64..sick i tell you.
And that's where they will be proven long. That 30% drop was nothing compared to what it should have been. The fed backstopped the markets once again. In reality the markets should be down 70% or more from the top. So thank the fed once again for creating another artificial rally.
What happens now is that the markets start from a bottom that wasn't authentic, it was stopped by the fed so the next rally will be extended further beyond anyone's imagination .
Same goes for prices of goods and services, housing etc. Real price is never met with what it should be since everything is literally propped up by the fucking trillions the fed keeps printing.
This week I sold DPST at 62, its at nearly 90+ in 2 days.
I sold some MIDU around 15.75 and more at 16.75, today nearly 18.50!!
This cannot continue
Markets are more overvalued today than they were February at historical highs.
it only takes a day to get a 200+point but for now 3300 would be nice.
I'll say it again; Berkshire Hathaway lost quite a bit of luster with institutional investors - he sat on his mountain of cash for five of the best years in stock market history. They have definitely lost some cred.