FB stock. You buying?
FB stock is getting hammered. What're your plans?
Short FB
Time for selling and do some tax loss harvesting!
I covered most of this a while ago.... https://www.teamblind.com/article/Close-to-the-Bull-Trap-phase-of-the-market-cycle-sNzEBUKZ Trade War isn't ending anytime soon. This increases CPI (much more CPI increases coming next year). Tarriffs going up 250% in January. FED can't really back down...they can slow down a bit...but they are backed into a corner to some degree. They have 4.1 Trillion they have to dump into the market ontop of raising rates a bit. Trump's budget calls for a 1 Trillion + deficit per year...and the FED can't buy the debt up. All of these factors lead to higher treasury interest rates. Which makes the stock market much less appealing since there are much safer investment vehicles available that are now returning great guaranteed rates. In the coming years...expect the the rates to have a big impact on the bond market. I'll share insight on that in the future...but when that really happens...look out. It could be worse than 2009...Hopefully not. Time will tell. In any case still have some time on that one.
What are the safer investments ?
Short term treasury bonds are looking real good right now. And will be looking even better next year. Cash is good. I personally won’t be long any equities (outside of retirement accounts) until we confirm a bull market trajectory again. Maybe 18 months out.
Where’s the waiting for it to drop under $100 option?
Come on it's not going to go below 100
Op, It’s down nearly $100 from the peak. Would you have believed that was possible 4 months ago? Real world doesn’t have participation trophies ladies.