Stock market bloodbath
- Thread starter stinkynuts
- Start date
You shouldn't be investing if you think 1 down day is a big deal.Well, so much for the new year optimism and Santa Claus rally. All my stocks down heavy today.
Hopefully it's not going to be like this the whole year, and give back all the gains from last year.
Yes, and cruise stocks as well. Down 8%
They had a phenomenal run last year though
Yeah...For Tech I have Apple and Tesla then just tech ETFs. Bought some crap like ARKK too but looking to dump that. Looking to load up my RRSP with more tech over the next few years
Oh, I fell for the Cathie Wood hype too, bought ARKG and lost 70%. Was so happy to dump it and trade it for QQQ.
A lot of people are saying Meta and Google will do very well this year because it's an election year and tons of ad money will be flowing in.
I kept my ETFs, but I did dump my larger position stocks last week... The most notable being AMD. Hopefully, some buying opportunities present themselves.
I have been out of the market for months, I did take the opportunity to take quick profits when i saw possibilities. IMHO there will be the big scare coming one day. By BIG SCARE I mean that some bad news will trigger a contagion of panic. This scare will rival March April of 2020. People will believe it is the end of the world, U-men will scream like little girls and throw themselves off dumpsters................but the world will slowly return to normal. As normal as we can be after going through a pandemic, spending heavily and having low consumer confidence. Inflation has been tamed a little and may go down more. If interest rates go down that would boost consumer confidence, but if there are announcements of higher unemployment then this will drag the economy down. Politics will also drive the economy, with the coming U.S. presidential elections the incumbent government put a good face on the economy. The more they spend now to boost the economy will leave them with less to spend later. This is the same for the coming Canadian elections.
Both CCL and NCLH have dropped 15.58 - 17.75% since Christmas week. I am not into cruise stocks but if I were, I would keep an eye on the last minute cruse websites. I understand that you can get a 5 day cruise from Miami at the last minute for less than $299. ( a lot of vacancies ) If other big name stocks announce lower earnings then you can expect more dips in the stock market.
Both CCL and NCLH have dropped 15.58 - 17.75% since Christmas week. I am not into cruise stocks but if I were, I would keep an eye on the last minute cruse websites. I understand that you can get a 5 day cruise from Miami at the last minute for less than $299. ( a lot of vacancies ) If other big name stocks announce lower earnings then you can expect more dips in the stock market.
