First half was great for tech, especially FAANG. How do you feel about the 2nd half for stocks in general?
Are you bulllish or bearish 2nd half?
- Thread starter stinkynuts
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If I could predict stocks by feel, I wouldn't be needing my day job..
Sold all my tech stocks after a 20-30% gain, and paid off some mortgage, which charges me more than interest than the dividend I gain from those shit stocks.
Sold all my tech stocks after a 20-30% gain, and paid off some mortgage, which charges me more than interest than the dividend I gain from those shit stocks.
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"If history is any guide, the Nasdaq 100’s strength this year augurs well for the rest of 2023.
Years that start with rallies in the index of at least 10 per cent average returns of about 14 per cent over the second half of the year, though that shrinks to an 8.3 per cent gain when the first-half gain tops 20 per cent, according to an analysis of data compiled by Bloomberg."
again, nobody knows...dollar cost average, time in the market, not timing it and don't be this
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Seems the Nasdaq is mainly up due to the FAANG stocks. Which means that even though I have a lot of money in the index fund, there's still tons of room to grow, as the others will follow suit. Will hold until the next bull run is over (after a year or two when interest rates are cut and tech stocks run). Then I'll convert to the S&P index.BNN Bloomberg – Canada Business News, TSX Today and Interest Rates
Get the latest Canadian business news, TSX updates, interest rates and Bank of Canada coverage. Explore stock market investing and get expert financial insights on investment portfolio strategies.
"If history is any guide, the Nasdaq 100’s strength this year augurs well for the rest of 2023.
Years that start with rallies in the index of at least 10 per cent average returns of about 14 per cent over the second half of the year, though that shrinks to an 8.3 per cent gain when the first-half gain tops 20 per cent, according to an analysis of data compiled by Bloomberg."
again, nobody knows...dollar cost average, time in the market, not timing it and don't be this
I get how you see that as weird, since it counters what theory says (higher discount rate, lower stock prices).
Here's the thing--the SPX was down 25 percent from its peak, many blue chips down 30-40 percent, and solidd tech companies (e.g., Meta, Tesla, Nvidia, etc.) down 70+ percent. Wasn't much room to go lower--smart money said we're buying this dip and that's exactly what has transpired.
