This is the moment when Diamond handed HODLing really matters. Don't go chicken and run at the bottom. and yet, I see alot of posts about going to cash or going short. I think that ship has sailed. It left the dock in January. Where all all the diamond handed me too players of the last two years?
Remember all those times over the last 2 years when you said if you could have March 2020 over again, this time you would load up and go all in, even with options? Well, its here. And adjusting for inflation, QQQ is back to 2019 levels.
You don't even need to bet on whether Cathie, Elon, AMC or GME are the right call. Just go QQQ or TQQQ on the whole market. This spring is wound tight to spring.
Recessions are driven by lack of jobs, way too much inventory in warehouses and lack of demand. demand on everything is through the roof. There is no inventory and anyone willing to work has at least one job. The other drivers of recession are war and pestilence. I'd say we have baked in Ukraine becoming a decade long russian version of Afganistan. Never admit defeat. Just blow everything up till its rubble. And we have priced in a permanent pandemic by now too.
The only real threat to the economy right now is inflation (which is good for noncash assets like stocks) and the FED. the Fed is controlled by wall street insiders. They are trying to blow it up before midterm elections and to burn you and return assets to their rightful owners – THEM. If you listen to all the usual disgusting players – Ken Griffin, Jamie Dimon, Bill Ackman . .. Its pretty clear that they have all gone short.
HODL. diamond hands. IF your time horizon is more than a couple years, selling now is an egregious error. Will you regret this dip as much as you regretted March 2020 for the last two years?
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