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Wall Street suffered historic crash in momentum stocks, rebound could be a trap
- getstowly 2mo agoWhat's the trap?
- mapping365 2mo agoThat it's not a sustained turnaround, merely short term technical bounce.
- toomuchtodo 2mo agohttps://en.wikipedia.org/wiki/Dead_cat_bounce https://en.wikipedia.org/wiki/Dead_cat_bounce
- WheelsAtLarge 2mo agoI hate these stories since all they do is scare investors out of the market only to see then come back in at a higher price than they sold at. If you are a long term investor, continue investing. Bottom line, market timers always lose. I can't predict the future but I know the US and its stock market will be around for many more years to come. Invest on the overall market not individual stocks and you'll be ok.
- mapping365 2mo agoI mean of course, this isn't for the steady investor, but also active WallStreetBets style retail gambling / investing is just now a way bigger piece of culture now. This is meant for that context. There are a lot of them who could be potentially fooled if the rally peters out.