[quote=Coronita] We aren’t out of the woods yet so we will see. Knock on wood.
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I agree…we’ve just been through round 1. The only thing keeping the market up is people being afraid of missing out on the upside and interest rates being so low there is nowhere else to make money. Neither of those is a good reason to buy stocks.
[quote=Coronita]
And the only reason why my portfolio looks good is because in my trading account, I regularly move in and out of positions, which while normally underperforms indexes in the past,.in the current volatile environment has worked out well. How long it lasts, who knows, but I did a few weeks ago swear I was going to sit out the rest of the year….only to reenter a small position when the Dow fell back to 25k…..Now that it’s 27k again, if the 500pt futures rise hold up in the regularly trading session, I’m going be moving back into more cash.
Damn Robinhood day traders that drove Tesla to $1790/share….lol
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I have a feeling it will have to drop again also. I thought it would have done so by now, but it hasn’t.
Musk gets paid at certain dates based on stock price correct? I think that is why the stock price is so high. But how he’s been able to get folks to buy in, I have no idea. Tesla stock price is pure fantasy. I just don’t understand it.
I think when all is said and done, someone is going to find they cooked their books somehow. I could be wrong, but that is what my instinct is telling me.
[quote=Coronita]
Anyway, folks doing well, count your blessings and give thanks …and try to help those around you that might not be so lucky… You never know what tomorrow brings…[/quote]
Nice thoughts flu, and a very needed reminder right now. Patience is running very thin I’ve noticed in general.
