1957may10,I got it at $8.17, love it, like cruising tooooo.
niceeeeee work. you got a good price on that. When it get to $50, we going to party it up. May take a few years, but it will get there.
1957may10,I got it at $8.17, love it, like cruising tooooo.
I am not sure about 50 soon, but first get over $19, second get over $33, next is $42.1957may10,
niceeeeee work. you got a good price on that. When it get to $50, we going to party it up. May take a few years, but it will get there.
Agree but the bizarre really started in 2016.Some pundits on various sites keep talking about the inevitable inflation. Prices on commercial real estate are falling, same with cars new and used, etc. Where will the inflation be? Pundits, it is already here, in the form of radically higher stock prices than in March! All that money being created out of thin air, combined with the policies of various Central Banks, has created an inflated market that is quite detached from the economic slog ahead of nations. The one percent front-ran the Fed once again, knowing the inevitable, at least for a time ...
Although the odds may be against it, I am not completely convinced the lows will not be revisited, because we live in an incredibly complex and unstable environment. US-China tensions could explode, what if something happens to Trump, health-wise, or other wise. Part of my education was a professional degree in international policy, and I have seen some strange things over the years. Events have already happened in this bizarre year of 2020 that have made my head spin, and plenty of the year is left. As the saying goes:"May you live in interesting times."
Crowded majority permabulls think that only applies to declines. That's what makes the crashes so much fun.Things happen faster now. Previous bear market continued for years. Current was less than a month
Of course crashes crash quicker than rallies rally.Corrections/crashes over 10% practically always happen much faster than recoveries. It took almost 2 years to recover from the 1987 crash, and that happened for no real reason (other than maybe program trading). This recovery is happening much faster than the late 80s bounce--which happened with no coronavirus and a robust economy. Or look at Dot-Com (took 7 years to reach ATHs again), 2008-9 (almost 6 years) and corrections in 2011, 2015-16, 2018, etc. (1-2 month corrections took 6-12 months to recover...and those were much more shallow than this one).
This is Trading 101 stuff everyone should know but many here are still in pre-K.
Of course crashes crash quicker than rallies rally.
But the permabulls are cheerleading like it is happening sooo fast.
IMO sustained volatility the past 6 months or so is almost unprecedented so comparisons with other drops is erroneous.
destriero,
I can not see your message, do you have me blocked?
Can not compare at all. I got markets on .com, y2k, 9/11, 2008 not even close what we have.Of course crashes crash quicker than rallies rally.
But the permabulls are cheerleading like it is happening sooo fast.
IMO sustained volatility the past 6 months or so is almost unprecedented so comparisons with other drops is erroneous.
Dude, I have bigger single day PNLs than you make in five years. WTF are you to talk?