Quote:
Originally Posted by redpoint5
Yeah, I know very little about the stock market and have no great insight into market timing. My hunch is that we are on a dead cat bounce and that things will tank again once we hit the 2nd and 3rd wave of shelter in place orders, and people realize their job loss is permanent.
Maybe I'll buy in now, ride the bounce, and try to time the fall... which I predict will be this fall.
A group of friends have made an investment game where we all take $100 and invest it. At the end of the investment period, whoever has the most profit wins the right to buy the losers a round of Scotch.
I had no interest in stock market investing until I realized the DOW had lost 1/3 of it's value in a month. Nice to jump in when you can get a discount like that. I do want to take long positions though.
|
I'm an idiot and should have trusted my initial instinct to invest in March.
Rickard predicted a dead-cat bounce, and in the intervening time himself died (RIP).
I feel like the market is overvalued now though and this is the dead-cat, with a plummet less than the original drop to occur within the next 6 months.
Again, I have no insight and haven't studied this at all... just my impression of things.
Then again, maybe I'm just more pessimistic now that my family has the Wu-Flu.