I’m not at all trying to disagree with you but I feel like a “big correction” has been on the horizon since March. It has kept many from diving into the market and making some serious coin. Now could there be some bad weeks? Of course, but I truly don’t see the American people allowing another shutdown. The drop of COVID related deaths is a big factor as well. Trump is going to do everything in his power to keep the economy afloat through November. It’s the pillar of his campaign. This is all my personal opinion and viewpoint. Take it for what it is but I think we have a couple more weeks of unknown and then I see a lot of these stocks rebounding. Definitely a lot of volatility to come but will be holding my positions and adding to some as deals present themselves.
No worries from me, I value all opinions right now as it seems we have all gone down our own covid rabbit holes.
Regarding what you said about keeping folks from playing the market: I believe that’s true because of institutional thinking. Most graphs, interviews, and articles I’ve read state that institutions pulled out based on historical data/reactions. “Robins” have taken up the slack and changed the game. The institutions now have to jump on board or drown. Does this mean it’s real?
Mortgage backed securities sure weren’t and the institutions believed in those. How are new investors justifying this resurgence? Maybe it doesn’t matter?
If robins (Avg age 31) like to think they are propping the market, don’t like trump, and realize they are just supporting him, will they pull liquidity? (That’s not a theory, just a hypo question)
I don’t have the answers to these questions,...yet. They will come. but remember, I’m still playing the game. Only my strategy has changed. Cash out positions for safety and for buying quick deals. Hell, I might end up mostly long In a couple weeks.
I’ve been very profitable because of amazing market conditions, patience, and candid help from this thread
Trust me, I don’t want it to end anytime soon. Speculation keeps me young.
Retail investors overall are simply not as bullish as their Robinhood counterparts.
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