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Well the prospect of the fed raising the rates is what was/is spooking the tech stocks. Then people looked at what else there is and it’s all up more than it should be. The NASDAQ went in and out of correction for half a second. The ride has been a bit wild. Tech stocks have provided a major buying opportunity if not a generational one at this point, especially for semiconductors with a shortage. I am not rotating into something retarded like Macy’s.
I think there is just so much money in stock markets that those with all that money in the stock market hve reserves to make sure that it doesn't crash...of course there will be some unforeseen incident....but it is crazy how the values keep going up and up and up.
There should have been a correction -- there should have been.
I suspected this year we would see a big slow down but the reality is that folks are so ready to go nuts once we can travel, spend, etc...that I think the economy/market is going to be okay this year.
You all are way more knowledgeable about all of this.
The market has been “sideways” for the past month. I think we might see a post-covid bump followed by a sharp decline. If you look at last the past month or so the market was a bit of a bear up until this week.
I'm the wife and we switched up the 401K a bit and it has done better in the pandemic year than I thought it would.
Financially this pandemic has not done us any harm at all.
So we may see things not do as well this year?
I expect this year to do very well. I was just explaining that lately it hasn’t been great and maybe that’s why people aren’t saying ,much. Today big tech shot the lights out and they are still under valued.
The market has been “sideways” for the past month. I think we might see a post-covid bump followed by a sharp decline. If you look at last the past month or so the market was a bit of a bear up until this week.
You think the dive this year?
That was my original forecast -- but I'm starting to think it won't happen this year.
Honestly -- for Biden it would be good for any dips to happen earlier in his Presidency. As we have seen,
A lot of investors that were tech heavy got seriously hurt. Today it partially recovered. The last time the stock market was this jubilant type of financial orgy was last year. The volatility has been actually pretty good for traders. However for the passive investor it has been nothing to speak of. When you open your 401K right now your wife won’t think you are a genius.
My return over the past year on my 401k is 27%.
Granted that's measuring from a trough, but it's 9% over the past 10 years.
I expect this year to do very well. I was just explaining that lately it hasn’t been great and maybe that’s why people aren’t saying ,much. Today big tech shot the lights out and they are still under valued.
I guess I'm going by today....and because I tend to more conservative in my forecast/hopes I assumed it would be worse than it is.
The stimulus bill stall, the immigration issues, winter storms impacting vaccine roll outs....this was all slowing the roll
I'm glad to hear you think the tech stocks are undervalued. It has been serving us well.
The market has been “sideways” for the past month. I think we might see a post-covid bump followed by a sharp decline. If you look at last the past month or so the market was a bit of a bear up until this week.
Those sweet government checks flow and I think the open stocks will hit a huge spike. That’s all you hear about. This is the perfect set up for some nice trading. I think the opening is priced in. Look at something like Disney.
Nearly $200 it’s park are sort of open. Yeah it has streaming but airlines or cruise lines. Back to where they were bleeding money and business severely interrupted still. Airlines need business class, as do hotels.
If all the stimulus goes out the same day the result would be mind boggling. The stock market is changing and accelerating at a rate of which history has never seen.
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