OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

truss said:
The strong climb & the weak fall?
Click to expand...

Being "strong" is not enough. Many who try to trade stocks fail and never get to try again. The fall breaks them. And some, are given a chance to climb. They refuse, they cling to the technical analysis or youtube gurus or WSB gain and loss porn. Illusions. Only the ladder is real. Earnings is all there is.


...
 
I got Roth IRA’s set up for my kids. That’s pretty sick imo. They’re 11 and 7. Kids need income to have one and my wife owns her business and put them on payroll per our CPA’s advice. When I was 16 I got my first job and my mom set up one for me. She helped me fund it when I was young by matching my contribution 1:1. It’s pretty dope my kids gonna get theirs set up so early lol.
Haven’t funded and put the $ to work just yet but I’m hyped that it’s a great time to start with so many fire companies so beat down.
 
Interesting time lapse of the biggest dot com companies by market cap over the past 20 years or so.



Sometimes when theres a large amount of exuberance and growth speculation in a certain sector of stocks, they dominate and determine the entire indices. But when tides shift, some of these companies never come back, ever. Doesnt matter how long your investing time frame is. So many companies become market darlings only to never be heard from again or languish in range far below their peak for years and years. Gotta be smart and dont stubbornly diamond hand and BTD just because its popular.
 
I love that movie. When I need something to watch just to watch on a flight that’s my go to. I can laugh and 🤦‍♂️ at the same time.
 
My personal opinion, the markets are not finished correcting. We are consolidating around the 200DayMA for a bit. After that waterfall down in January the markets are taking a rest, getting an oversold bounce. Same thing happened in March 2020 and we went much lower. Not a lot of strength in the overall economy to propel us back to ATHs and this earning season hasnt been terrible but not blowing buyers socks off either. Rates are going to continue to weigh on tech which will weigh on the indices. We've seen this story before. Any strength is getting sold and the buyers are just not ready to pile in yet. I'll be happy to be proven wrong, but its gotta be proven before I'm comfortable going back in heavy long. In 90% cash and just trading around these moves right now.
 
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