KEEP CALM AND HOLD
I mean its not gonna hurt much more if I do, so...... 🤷♂️
still learning so its good
Lets talk GME etc.
- Thread starter GP403
- Start date
KEEP CALM AND HOLD
I mean its not gonna hurt much more if I do, so...... 🤷♂️
still learning so its good
Just make sure to wear your helmets when the roof caves in. Or be out of the room. If you sold out enough to cover your initial investment, any profit or loss won't really matter, as it's all fun money at that point. But for somebody, the downslide that's coming is going to hurt if they don't have an exit plan.
Hopefully at worst case scenario they get out at the bounce rather than wait until the floor gives out for good.
At some point the new shorts will go on a mini buy spree to close out their positions, concern is if people get false security that it's about to take off again instead of using that chance to limit losses.
It's STILL a dying industry with a time limited business model.
This all reminds me of how ironic things can get. My Wifey and her sister were given a few blue chip stocks each from their Grandmother many moons go. The sister was a spendaholic toon and cashed them in and spent them as soon as she was old enough. The stock had risen and split several times so it was a tidy sum. My Wifey held on to the stocks forever as a rainy day thing. Flash forward a lot of years when we really needed cash and she went to see what they were worth. Well, they were worth bupkas. The company had tanked and was sold off, the stocks were worthless. Oh well.
My wife is doing this whole thing wrong... and still making money. It's an interesting strategy:
Buy high, sell higher.
LMFAO!
At least she's getting those garden boxes paid off faster.
Buy high, sell higher.
LMFAO!
At least she's getting those garden boxes paid off faster.
GME and other anomalies notwithstanding, the U.S. stock market just may be ready to roar as more and more governors are starting to unleash their own state's businesses again.
The problem is going to be how much regulation and inflation fears are going to be out there. That would be about the only wild cards in the equation that will hold a robust recovery in the market. However, one or two regulations in the wrong area, or a sniff of rapid inflation.
This new Covid relief thing is going to take a toll on interest rates. Watch and see. If you were thinking of a long-term loan for a house or something and were sitting on the fence....GET OFF THAT FENCE! Or you'll be paying more by the fall. Guaranteed. How much more after the damage is done will be the question.
There are things on the horizon to create strong headwinds for this economy. It really depends on how hard those headwinds push. Get ready for a roller coaster ride.
The problem is going to be how much regulation and inflation fears are going to be out there. That would be about the only wild cards in the equation that will hold a robust recovery in the market. However, one or two regulations in the wrong area, or a sniff of rapid inflation.
This new Covid relief thing is going to take a toll on interest rates. Watch and see. If you were thinking of a long-term loan for a house or something and were sitting on the fence....GET OFF THAT FENCE! Or you'll be paying more by the fall. Guaranteed. How much more after the damage is done will be the question.
There are things on the horizon to create strong headwinds for this economy. It really depends on how hard those headwinds push. Get ready for a roller coaster ride.
We refinanced and got a HELOC last year just as COVID hit. Worked out well.
As for the market rebound, it is going to be huge in the service based side of the economy. People are going to flock from locked down frozen States to more open States that want to prosper.
My money is there.
