People are all over the place with their predictions. There are some people waiting for AAPL, MSFT, AMZN, etc. to take a beating. I also hear others were starting to nibble on stocks a couple of weeks ago. Others are saying there's still another 20-30% down (damn!). So, as usual, nobody really knows, but somebody will be right. I guess I was too early buying a portion of some NVDA in the $220's and AMD around $106. I didn't think they'd go down much more than that. Oops. It could be a volatile or scary next 12-24 months with all the recession talk.
Seeing the market flush like this if GOOG and MSFT have decent earnings should see a good bounce. Everyone expecting the worst.
Picked up some GOOG right before close. Fingers crossed though I guess I shouldn't care too much about earnings today since this is a buy and hold position in my retirement account. But I still care lol.
It looks like I bought a little early too…oh well. $70 billion buyback…let’s hear what they say on the call. Keep hope alive!
******* it, Elon. https://www.forbes.com/sites/jonath...as-twitter-deal-sparks-fears/?sh=75913ba7707c
Like I was saying in the political forum, if it really were political, the angry folk would cancel Tesla to get back at mean ol' Musk. This is more a sneeze because the entire market and growth stocks are melting down.
This is the correct answer. The only lesson is that everyone got addicted to loading up on tech stocks (including semiconductor companies) and watching gigantic returns over the last few years. Hopefully everyone is diversifying to areas outside of tech.
Yeah, I gave up on most tech months ago except for ones actually returning money. I had jumped into energy, fertilizers/agriculture, etc. last year, but even those are getting hurt now. They also skyrocketed while tech was having issues, but this looks like it's pretty much marketwide. Even with big wins in the energy/ag sectors, I think I'm still down probably 7-10% overall on the year, though. A week or two ago, I was only down about 4-5%. AAPL still on deck, and I'm skeert. Not to mention with the Fed, Russia, and China shutdowns still out there, there's still a possibility of things getting worse.
MSFT saving the day...at least for right now. Up 6% after hours. GOOG coming back a bit too. Only down 2% right now. Let's see how tomorrow goes.
Damn TSLA shareholders are being taken for a ride by Elon but most of them are masochists so I am sure they are loving it...probably have a great rationale for their pain also. Hopefully the stock split can ease some of the pain. “You either die a hero or you live long enough to see yourself become the villain.”
Two more days until the big daddy of tech's earnings date... AAPL ... if you hear a loud scream upon it tanking, that would be me. I'm just hoping for something like V, MSFT, and GM did today ... just something good enough for it to not lose its head.
I was quite surprised by MSFT earnings...the initial dipped scared me but wooo..... I think AAPL will do the same!
