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The rise in the markets has been driven by the fed/treasury stimulus actions, and the fall in new coronavirus cases in the US and Europe. Stocks would still be
by maxharris 7y ago
The rise in the markets has been driven by the fed/treasury stimulus actions, and the fall in new coronavirus cases in the US and Europe. Stocks would still be very low without the government manipulating everything.
I know this is the case because I invested my entire life savings on this one. (I have been glued to CNBC and E*TRADE.) I decided to start buying on March 16th...
- currio 7y agoInteresting. Thanks Stimulus would only prevent (some) companies from going bankrupt. So at best it avoid crash. Not sure why market is optimistic though.
- maxharris 7y agoI'm optimistic on certain stocks. Allow me to illustrate using the one stock I hold the most of (108 shares at the moment): I believe that TSLA will ultimately end up on the very high end of where ARK invest says they'll be: https://ark-invest.com/wp-content/uploads/2020/01/Tesla-price-target-scenarios_ARK-Invest-1536x824.png https://ark-invest.com/wp-content/uploads/2020/01/Tesla-pric... Tesla's Battery Day is coming in May, and that's a very big deal. I expect they'll announce that they've hit $100/kWh (which is the point you need to be at in order to sell an electric car with a price and range comparable to a gas car). The fact that they have the world's best battery tech is also very important for the future industries like eVTOL, which are completely dependent on these things. (I have a position in EH as well...)
- currio 7y agoAll the best. Hope it works out for you