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I know no one knows, but what are yall opinions about the market?
Posted on 6/11/20 at 7:59 am
Posted on 6/11/20 at 7:59 am
I know no one knows, but what are yall opinions about the market? I think it is just a correction but the rising covid cases and all the other BS certainly will not help the situation.
This post was edited on 6/11/20 at 2:28 pm
Posted on 6/11/20 at 7:59 am to Tigerb869
quote:
but the rising covid cases
Posted on 6/11/20 at 8:01 am to Tigerb869
My guess is 2960s on the sp500. That would be roughly 9-10%.
Correction; thinking 2640-2870 now but never know
Correction; thinking 2640-2870 now but never know
This post was edited on 6/12/20 at 7:40 am
Posted on 6/11/20 at 8:31 am to Tigerb869
I sold off my short-term stocks on Monday because I felt weird about how well it was going. I will ride out my long-term and pick up some deals with my short-term gains.
Posted on 6/11/20 at 10:21 am to Tigerb869
quote:
rising covid cases
Posted on 6/11/20 at 10:29 am to Tigerb869
The media is trying to start the “second wave” bs. It is not true
Some states are seeing spikes
But the National positivity rate was at a record low yesterday.
Some states are seeing spikes
But the National positivity rate was at a record low yesterday.
Posted on 6/11/20 at 12:00 pm to Tigerb869
quote:IMO if we are >3200 & >27K rolling into September, we'll be doing well. But those valuations at present were inexplicably high.
I know no one knows, but what are yall opinions about the market? I think it is just a correction but the rising covid cases and all the other BS certainly will not help the situation.
It's anybody's guess, but I'd expect we'll undulate in a trading range, maybe 2600-3200ish, through the summer.
I expect we'll churn various STCG plays until the market breaks out.
Buy the rumor, sell the news (?early July?) in healthcare (e.g., MRNA, REGN).
We'll settle into some safe dividend stock positions to hold at least through the summer.
Posted on 6/11/20 at 4:38 pm to Tigerb869
Did not like how Powell set the GDP bar so high for next year. Would rather set the bar lower and beat the number.
This post was edited on 6/11/20 at 4:39 pm
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