I was looking at the S&P 500 chart and was surprised that we are basically testing March lows - it feels so much worse! Then, I looked at the Nasdaq chart and I realized all my angst was coming from those stocks doing so much worse. So, long way to say, this tweet is only partially meaningful. I wonder what that table looks like for Nasdaq, especially in 2000.
That table seems to only look at corrections and not "crashes" (no black monday, no dotcom crash, no financial crisis crash, no covid crash, etc). FYI, since you asked, the NASDAQ crashed around 75% from its peak in 2021 to about 1.5 years later in late 2022 (yes, it took that long). Corrections of 10-20% are expected, and welcomed (usually) - they weed out garbage and invite investment (usually). Like I said a few times in this thread, people always lose their minds when markets go down fast, but nobody gives a flip when they go up fast. Maybe because they go down faster than up. lol. What you said is why I asked earlier if anybody talked about anything other than tech. The worst stocks were the high-flying no-earning tech stocks. During a lot of this, I was diversified and didn't get killed, but the past few days, damn-near everything was getting sold, so I was getting hit hard. AAPL still hasn't gotten taken out, and I'm still most worried about that. The past couple of years has me kind of sad because I sold out of a few stocks I had held for several years, but maybe it'll give me an opportunity to buy into some that I can hold onto for a few more years.
What are some picks you're eyeing on the clearance rack? I might buy more Atlassian and other tech stocks as a long term hold.
Short-term I'm really not looking for anything other than maybe some dividend stocks for the long-term that may have been spanked down. I already bought stuff like XOM, CVX, DE, MOS, etc. months ago and am debating adding to them, though there may be an energy/ag reversal of sorts depending upon how long the Russian invasion lasts (as well as inflation). I'm scared to, but may be tempted to buy more energy like DVN, FANG, or other oil plays like them. I thought about getting into something like IEO, but I'm hesitant with its huge weighting toward COP the last I looked. On the nat gas side, I'm looking at suff like LNG, although even stocks like that have had a big run already. Along similar lines, energy providers like VST that provide a good dividend are also on my list of maybes. I also wouldn't mind buying more good tech like MSFT, NVDA, AMD, etc. but I'm guessing the MSFTs and AAPLs of the world may have more to drop. I already own too damn much AAPL through the stock and via BRK.B, so I doubt I'm going to buy more. I "accidentally" got into some CRWD a few days ago from an open order I left out there to buy it. I thought about cancelling the order, but decided to leave it. I may regret that. lol. The other areas I'm looking at are healthcare-related and maybe defense/aerospace. Boring stocks like UNH in healthcare. Still deciding on aerospace, but may go the ETF route there. I'm guessing the selling isn't over, though, so really, I'm just willing to sit on the sidelines for now and wait to see if my stops trigger more selling. Whether or not we're heading into a recession won't be known for a few months and the market, like I said before, will still be volatile while we figure it out. Maybe I'll buy some GLD or something gold-related. I'm not making any big bets on anything at the moment, though, and I'm still staying away from tech (generally-speaking) for a bit. Right now I'm just waiting for the most part.
Palantir profit miss, downbeat revenue forecast send shares tumbling https://www.channelnewsasia.com/bus...revenue-forecast-send-shares-tumbling-2673626
1.5% a day for the next year lol... Someone just pull the band-aid already. Let this sh** burn. Also where's @adoo?
