mmasters wrote:I'm mostly out except for some long term money in Amazon and Facebook. Figure with all the people stuck at home, possibly even for a couple years, it couldn't be a better situation for these 2 businesses.
Plantagenet wrote:I'm looking out at next winter for signs of trouble.
The Covid virus is mutating all the time and if we get a more deadly variant and another big China virus outbreak in China.....or in Europe or the US........and if you have the China virus infecting people at the same time the flu virus is giving people flu......then I could see the market doing another nose-dive.
Not to mention the election risk. Biden's economic plans call for huge tax increases and massive re-organisations of the health care system, limiting fracking and fossil fuel extraction in the US, passing the Green new deal etc.....all things that could hurt the economy. And if the Ds do these things and then try to pack to Supreme Court or make Washington DC a state or give citizenship to 22 million illegal aliens or any number of things they are talking about doing, then Mr. Market is going to be very very unhappy.
Cheers!
vtsnowedin wrote:Well my next month's buy will be a tiny sliver of UPS which delivers most of the things we order on line. The chances of them not making a solid profit year after year for the next decade seem pretty slim.
Plantagenet wrote:
UPS is a pretty safe bet.
If there is a pre-election sell-off it might be a good time to buy more.
Personally, I've mostly moved away from individual stocks and have been mainly buying ETFs.
Cheers!
REAL Green wrote:
And China Will Fake Prosperity & Growth
vtsnowedin wrote:I read yesterday that if you take the big five out, the rest of the S&P 500 has only recovered five percent from this years low. That tells me that in a correction those big five have the most to lose and could each easily go down by half very quickly as their price today is supported by lots of foolish investors not paying attention to real market conditions and profit margins.
Newfie wrote:FANMG?
mmasters wrote:I decided to sell out completely.
No stimulus, a second wave and Biden winning the election.
Triple bad news coming...
Users browsing this forum: No registered users and 12 guests