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“We are still gathering information as this is still very new…”
stbugs said:
So what you’re saying is that the markets seem to disagree and the volatility is unreal?
Don’t usually time things THIS well but I’m probably ready to start moving this money back in, though slowly. CRWD reports after the close, so I might start there after it gets completely obliterated for having a great quarter. Looking a SHOP again, maybe TWLO, mostly thinking about just adding to existing positions otherwise.
Damn you got two monkeys, although I’m in the high 4s down. Even the stocks that did well and raised guidance got pummeled.My portfolio down 7.2% today
This feels like an over reaction to the variant IMO. Fundamentals have not changed. Inflation is still a concern as is the debt ceiling talks though.
Whatever it may be.....it does not matter. It becomes a self fulfilling prophecy.
Yeah the needle on value stocks is not moving at all......it's like none wants a boring dividend paying utility or chemical company!!!! LYB is golden long term.
You're assuming that the fundamentals were good enough to support the lofty valuations to begin with, and I would argue that these concerns could make the fundamentals worse (and the market is forward looking).
Understood and appreciate your posts in here. I think we have some time before the Fed starts tightening though. This could just as easily hit new highs by year end before hitting a 10% correction. I agree that we are long overdue though and it should happen in next 6 months.
Valuations were high no doubt. The low interest rates however supported the valuations. Take those away and we will see a correction. I just don't think the Fed will do anything until late spring/summer at the earliest.
We are on the same page.
Tightening is already underway as expectation of rate increases/faster tapering in the future increases the dollar and short end of the rate curve today. The yield curve has flattened dramatically since mid-Nov. As always, monetary policy is transmitted largely through the expectations channel.
Yep, my hot dog cart is filled with Apph, SE, Tlry, Hgen, Bark, Flgt, Sklz. Most down 8%+. Good times.
It's as if the NFL just cancelled the rest of the season and all of 2022-2030 games.
For me it was less taxes and more just clearing off stuff. I did sell a decent amount although I wish I dumped all the stuff that wasn’t cord so I could wait for a nice entry point for stuff I really want long term. I did dump DKNG and others well but I could have gone all out. I’ve got about double in my IRA compared to taxable (in trading accounts) so taxes aren’t a big deal. I’ve got 20%+ cash and probably 60%+ in long term gains in taxable. Even with long term, I don’t really feel the need to sell to give Uncle Sam money. I’d like to keep it long term and maybe even get to quasi retirement where maybe you have a year without income and can get some 0% cap gains. $80k is 0% level for married/joint. Most of what I own is long term so we’ll see.
You didn’t ask me but it’s something I’ve never owned, always watched, and am excited to start scaling into soon.
Very tempted. Might start small and increase if it continues down. I don’t see a near term upside catalyst so I have been avoiding buying anything yet. I already made the mistake of starting a couple other small positions a few weeks ago. All small so can DCA in lower.
DDOG is interesting because it ain't cheap but growth is accelerating and they've only just started the Microsoft partnership. I could see it going lower. I only bought a half share (100 shares), but it was $38 when I got it so its been a nice ride. It was definitely time around $80 when I said they looked good, but it's double that now. I think MELI's a better deal right now.
