Fuck, I hope so. I got wiped out today. Turned on my computer and saw a sea of red. Still haven't made a fucking penny on NVDA. Was up 10 stinkin grand last week when it went to $153. Should have cashed out. Waiting for the Feb earnings report.
Imminent Crash?
- Thread starter dvous11
- Start date
That's the only excuse I can come up with. Never heard of it till last week. Jensen Huang didn't warn me. Should call it Deep six. That's what it's done to me.
it's just a stupid excuse for wall street to dump and scare retail
market was overextended and needed a correction.... there's your inauguration correction
Overall the S&P dropped by 1.5%. Investors traded in their AI stocks for other stocks; consumer staples, Healthcare, etc.. It is not so much a crash as it is a rotation. I do not see it as bad news, the market is showing resilience and adaptation.
If investors were leveraged up to their assholes on AI stock then they would have been liquidated and would have no money left to rotate into other stocks. Being overleveraged leads to a series of chain reactions that takes the entire stock market down like what happened in 2008.
Most of my investments are in an S&P 500 ETF and Berkshire. For the past 3 months Berkshire was doing dog shit and I was considering getting rid of it. But Berkshire is a good hedge against the S&P, when the S&P is doing well then Berkshire is not, and vice versa. Right now Berkshire is doing the best since AI got DeepDicked. I am still planning to get rid of 10-25% of my berkshire shares to buy some SCHD and BINC ETFs for more diversity.
If investors were leveraged up to their assholes on AI stock then they would have been liquidated and would have no money left to rotate into other stocks. Being overleveraged leads to a series of chain reactions that takes the entire stock market down like what happened in 2008.
Most of my investments are in an S&P 500 ETF and Berkshire. For the past 3 months Berkshire was doing dog shit and I was considering getting rid of it. But Berkshire is a good hedge against the S&P, when the S&P is doing well then Berkshire is not, and vice versa. Right now Berkshire is doing the best since AI got DeepDicked. I am still planning to get rid of 10-25% of my berkshire shares to buy some SCHD and BINC ETFs for more diversity.
Holly shit!
TSX closes at a record high today. But all figures in Canadian Pesos.
What a joke, I swear the market has become completely detached from reality. I'm so looking forward to seeing it get crushed after the economic impact of the trade war comes to bare.
I say we crash Q1 or Q2 while we figure out the trade war and deal with its negatives. Q3 or Q4 we go up today as US see the benefits of tariffs (more hiring I hope) possibly bottoming on October and we hit all time highs again by this time at 2026. I’m only optimistic with US Market and Canadian OIL. Anything can change though, just watch the VIX
