Quote:
Originally Posted by baddog
Your stock choices must suck. YTD I am up .13% and that is only because of that Gamestop BS of last month.
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Nobody cares about your paper trading account, brokedogg
To the rest: This has been the longest bull market in history, and the market is detached from the economy. All time highs during a time where the world locked down for a year? Makes zero sense. Once the fed stops manipulating the market by printing trillions of dollars, the market will come back down to earth.
I’m sitting on cash until they stop printing money, and then I’m buying leap puts on all the overvalued tech companies far OTM. My risk tolerance is super high so either I crush it or get crushed.. I don’t think they can keep these valuations up for much longer though so it feels pretty safe.
As far as Bitcoin goes, I see it dropping back down to 25-30k and then within a couple years breaking out to 60-100k. That’s usually how it works, but then again there are big institutions buying now so I don’t know if it will correct as drastically as the past.. especially with people losing faith in the USD.
Good luck everyone. As always, don’t invest more than you can afford to lose. Also don’t FOMO into things that have already seen astronomical growth because we’re long overdue for a bear market.