The Investment Thread
Ooooor...the predatory market makers that decided it would be best to use their additional margin allowed because of COVID to abusively short several fine American companies in an attempt to bankrupt them have ruined people's 401ks.
Or everyone trading the (excuse me for using the phrase you hate) meme stocks aren't old enough to remember what it's like trading when the Fed is tightening and inflation was an issue or stock values matter. It was a matter of time before Warren Buffet was right and Dave Portnoy was wrong, I mean who could have seen that coming?
This is the dot com bust all over again but rolled into the inflation of the early 1980's. It was so obvious that this was coming. Problem was, it took forever for the bubble to pop. Every time the Fed tries to increase rates for the last few decades the markets pop because the other 8 out of 10 years the FED is busy blowing bubbles.
Trying to time it is next to impossible other than just by following the fed. This time the only way the Fed can act is at the cost to the American taxpayers. It's the situation the so many have been warning about for years. I've learned so much through this covid swing and hopeful next time I'll be able to capitalize. Just have to wait until the next crisis pops up. I'm just really upset I haven't been in long term puts since November. Oh well, live and learn. I managed to stay well in the green the last 6 months and if I can find some buying opportunities then I'll be really happy and can quit playing hourly, daily and weekly swings. It's easy to make money when you buy good companies at low prices. Outside of a couple months during covid, I haven't seen it since the financial crisis. It's like a near constant bubble or bust situation in the markets the last 24 years.
What worries me, the VIX still isn't showing signs of peaking, the daily crashes keep getting bigger and today was the first day we actually saw every index and commodity, bond market and crypto all bleeding today for the first time. Charts also indicate we're going lower and it's happening without any sort of black swan or economic data trending down.