doc idiot wrote:
Judging from the responses, agip, racket and presumably also J Hardy all think I’m an idiot for doing what I’ve done. I’ve laid my cards on the table for all to see, so we all get to watch and find out. I’m dying to know, myself… 😅
To racket’s (presumably facetious?) mantra that stocks only go up, that may be true in your world, but I owned Nortel Networks, JDS Uniphase and Valeant Pharmaceuticals at their respective peaks, and I beg to differ…
Word for word, exact same things were said in 2018. I don't believe this dip for even a second.
The economy is still strong and just because a bunch of loser bullsh!t that should have never existed in the first place and served no value (like Peloton or DoorDash or any of those dumb "tech" companies that were actually just VC pump and dumps) is getting flushed out is the weakest reason to sell.
The Fed is talking about raising rates 4-5 times over the next year. That puts us at like 1.5% at most. Imagine being terrified of 1.5% when the economy was on fire in 2019 and rates were even higher.
"Always remember the big picture" - sensei agip