today was brutal
16 replies (most recent on top)
Correction happened already
Yes, I “rember it”.
We have had several rather severe large corrections in the past 4 years. The COVID crash in 2020 was spectacular as one of the fastest 10-20% declines in my 64 years.
If you saved all your money for a crash you’d likely have missed out on gains - timing the market is a fool’s errand. Many people who think they got out in time in 2008 mistimed the buy on the way back. They never compared the hold scenario but will talk about how they beat the market - more than likely they lagged
Things will get ugly before they get better - rember 2001 and 2008? Wait for another 10-15% drop then start buying a little at a time the rest of thecway down...
I love a good correction. Everyone says "buy low, sell high", but then routinely does the opposite because feels.
And then people will buy in since they have been waiting for stocks to go down and the cycle starts over.
Look at CVNA, ZOOM, NFLX. All of these CV hype stocks were flying high for most of 2020 and 2021...now were 6 months into the grim reality of the correction on unsustainable growth stocks. Wells was hyping CVNA at one point haha. When this same selling hits the Dow, look out below.
Does anyone know how to set the stock graphs to 5 years? The market is up, for some stocks WAY up, since Covid. With the rate hikes and slow to cool inflation this balloon is coming down.
you don’t think its already corrected?
How to say you're short selling, without saying you're short selling.
Did you all really miss miss the 2020 COVID crash?
C U Next Tuesday?!? Lol
But if everyone is looking for the “C” word, doesn’t that mean the “C” word won’t happen ?
This market is way overdue for a correction. Hold on people.