Quote:
Originally Posted by sonofsam
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.
|
When the market first started to boom I was wondering where this was coming from as well. I was expecting a recovery but it went faster than expected.
Then the talking heads started asking the same as you did. where this was coming from and why.
I think that a few of the reasons was:
People started out thinking that they would be back to work within a few days.
That did not happen. Then they started losing jobs and things got worse. Tons of people went online looking for a way to earn. Any way to earn.
Some people got the idea and in a desperate jump used their last bit of money. Then got stimulus with a promise of more. Hoping.
Then at the same time as these desperate investments were going in the reddit thing hit.
That in my opinion was a miss guided idea of protecting the company GS. from the short seller. People not really knowing what happens with most shares.
Maybe I am way off base. Just my thoughts.