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Pretty scary. A lot of this money has to be from new investors that have never seen a market correction. Hell, if you've invested in the past year, you've prett
by johng 5y ago
Pretty scary. A lot of this money has to be from new investors that have never seen a market correction. Hell, if you've invested in the past year, you've pretty much only seen the market go up up up!
- unstatusthequo 5y agoEr, past ~10 years I think?
- OJFord 5y agoMarch 2020 was brief for many sectors in hindsight, but quite brutal at the time. Of course if you expand your horizon and look only at the end vs. beginning it's fine, but you can do that well back past 2008 too. GP means 'never seen any significant drop at any point', not just that then came back up.
- bo1024 5y agoDunno, seems like the lesson anyone would have learned in 2020 is “the fed will save you and all losses are extremely temporary”, which is not like a real downturn.
- OJFord 5y agoMaybe, but it seems directionally correct. If you panicked and sold only to later repurchase (or not need the cash until later) that was bad - and even if you learnt not to do that for the wrong (or not generalisable) reason, you sort of learnt the right thing?
- thedougd 5y agoWinners win. What reason do new investors have to believe it will crash now? Pandemic? A global supply chain interruption? Democrat controlled U.S. government? Widespread protests and unrest? None of these things slowed the stock gains. Those who bought the usual tech stocks last year and held made 20% plus.
- MaxDPS 5y agoThe Pandemic did slow down the stock market…there were huge drops when we still didn’t know much about COVID-19. Once we realized that it wasn’t nearly as bad as and we’d be able to create a vaccine, it corrected again (as should be expected).