You should listen to what happened at this month's federal open market committee meeting. Not only are they tapering off asset purchases (which was known already) but they are also planning to sell of some of the assets which is a eyebrow raising move as usually that happens a few years after the tapering. This "odd" strategy is bad for the markets in general, combined with the spike in the bond interest rates....hence the drop we saw this week. I believe this drop will continue 20% - 30% more atleast
Yup. Very much agree with Cisco guy here. Another 20-30% drop in Nasdaq for high growth multipliers is expected. Tapering and selling some bonds combined strategy is not good for markets. Liquidity is being taken away.
I don't get Opendoor. They should do better post pandemic. And they already have data that shows they do fantastic when housing prices stall. Yet they're tanking
Opendoorβs business model only makes sense in a low interest environment. Same applies to companies like affirm, upst etc. Thatβs why these stocks have been free falling lol. I said opendoor is a trash company and folks will regret investing in it back in summer 2020 lol.
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Not only are they tapering off asset purchases (which was known already) but they are also planning to sell of some of the assets which is a eyebrow raising move as usually that happens a few years after the tapering.
This "odd" strategy is bad for the markets in general, combined with the spike in the bond interest rates....hence the drop we saw this week. I believe this drop will continue 20% - 30% more atleast