We are due to come back down to reality. I was a month off as I thought there would be one shortly after Biden got sworn in. Quite funny how after the election the market was up big due to a locked congress as the Rs held the senate, but after the Dems took control in early Jan, no sell off? More regulation, higher taxes, more govt waste/spending, higher gas prices which will hurt the consumer. There's no reason for the market to keep going up. We're at a 39 current P/E which is not sustainable. Either earnings need to go up or market prices need to come down.

This post was edited on 2/25/21 at 12:05 pm

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Posted by Old Money

Member since Sep 2012

36363 posts

Posted on 2/25/21 at 12:13 pm to rocket31

Thanks for that article. Was an informative read.

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Posted by Fox McCloud

Member since Oct 2020

3525 posts

Posted on 2/25/21 at 12:14 pm to gatorsimz

Besides trillions in stimulus.

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Posted by rocket31

Member since Jan 2008

41819 posts

Posted on 2/25/21 at 12:14 pm to Old Money

she's the goat. breaks it down so it can be easily understood and shes impartial too

This post was edited on 2/25/21 at 12:52 pm

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Posted by Brobocop

Baton Rouge, LA

Member since Feb 2018

1905 posts

Posted on 2/25/21 at 12:20 pm to rocket31

Guys.. This happened to the market the last time that GME started spiking.

9 million WSB retards selling off everything to jump into GME.

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Posted by Jag_Warrior

Virginia

Member since May 2015

4094 posts

Posted on 2/25/21 at 12:21 pm to ReadyPlayer1

Hard to say. Wish I knew. I’m not one to predict directional market moves or timing. Most everything I do, as far as trading, is centered on probability based ranges in the options market. But the rate situation has definitely spooked the equity markets. My (purely) wild guess is that the rate shock could get worse over the short to medium term. But if you’re a longer term investor, you may find some decent buying opportunities in the midst of some chaos.

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Posted by ReadyPlayer1

Clown World

Member since Oct 2020

1062 posts

Posted on 2/25/21 at 12:47 pm to Jag_Warrior

Thank you, everything I have right now is medium/long term. I'm out of all my short term right now but if looks to be volitive I'm going to play safe with it.

Looks like I missed today's dip.

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Posted by mthorn2

Planet Louisiana

Member since Sep 2007

1232 posts

Posted on 2/25/21 at 1:30 pm to Nguyener

quote:
I I have plenty of long holds in the cannabis sector.

I've been playing this game too since 2019. Only one really making me money already is GRWG. The rest have increased but not to that level. But I know the bubble is coming and I want to be riding that wave up. Biden has two years to not frick this up for us.

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