[quote=deadzone]
Yes Robinhood’s decline was predictable as most trendy, one trick pony stocks. But the recent bull market in growth stocks was fueled by countless companies just like this, which is why it feels like 1999.
But moving to the “bellweather” tech stocks, Amazon now shitting the bed, and even Apple not reporting great earnings. All FAANG stocks are now sitting near or below 52 week lows and half of them well below Pre-covid highs too. This is getting ugly.[/quote]
Yes, but DZ, it was asinine for you to call Robinhood a tech stock and once again shows how little you understand things
also, you’re selectively cherry picking some of these earnings report say. apple did great given that they are supply chain constrained. They couldn’t meet demand dude to supply chain issues and their forecast was reduced for the same reason. Seriously dude, you got some major comprehension issues first calling Robinhood a tech company and glossing over supply chain issues.
You’re just out here swinging because you’re mad and have an axe to grind. You seem like you are desperate to prove how smart and right you are, despite over and over again missing the boat. like you said, you’ve been around since 2000ish working, which means your not exactly a spring chicken. That’s over 20+ years of corrections that has happened, and it doesn’t seem like you were able to take significant advantage of any of them, financially. Whether it was stocks or housing or both. And you’re hell bent on wishing financial pain on the 3 of us that won’t even happen to your disappointment. There no house to be lost, there’s very to little debt, and, rental shortages are still a major problem (you see the UCSD student protect recently that blocked traffic in UTC protesting housing ???)…Don’t worry about is, were doing fine. Worry about yourself because, dude financial pain had far more fell on your lap for the past 20 years with your do nothing approach…tossing $2000+ month and more on housing to a landlord and still thinking your going to come out ahead in housing by waiting for the right correction. $2000*20*12, most likely more…. Your housing cost basis is already going to be higher than anyone else starting out right now for the very reason that again you’re no spring chicken…20+ years this way. you missed the boat…completely….even the most Uber bears and old timers that called the bubble jumped into housing over the last 20 years. (name one person here for 15-20 years still looking for the housing bottom?)
At this point, taking out a 30 year fixed loan almost doesn’t make sense. You’ll be well past being on social security and Medicare and wearing Depends diapers by then, just like me. I’m surprised banks haven’t considered that too in their underwriting guidelines. I wouldn’t loan a 30 year to myself at this point , lol. I’m kidding…sort of …..
