All the stock market promotion gurus on this forum are awfully quiet.
Looks like the melt down is continuing. I have heard predictions
if 20000 for the DOW. Looks like 2020 again. What happened to the metaverse stocks? Everyone looks like genius in a rising market.
The really geniuses will shine now.
The problem that stocks drop sharply but can take years to rise up again. Not good.
Escalator up Elevator down. I thought 2020 losses would linger for years.
This drop looks more like 2020 than 2000 or 2008.
I will call capitulation when I do not check my account balance for at least 24 hours.
2008 was systemic failure. CDOs whose price could not be determined. Something I stress in my writings a lot. Price discovery is important. If you cannot give right price to an asset, you cannot value risk and you will end up speculating.
I just made the mistake of checking mine. My stock portfolio is down 20% in just a short time. I have some friends panicked. Buy when thereâs blood in the streets? Might be time to start some nibbles. These crashes donât last long. I have plenty of dry powder and would love some tips. But not interested in memes crypto or meta⌠what about value investing⌠or is that too boring?
My 401k is now between 301k and 201k
I was too conservative in buying after March 2020. I thought the crash would continue till August. Kept going up till now. Looks like the gains since last summer have all been wiped out. Total capitulation wonât happen till we hit March 2020 lows. Could happen.
Agree not a good time to sell. Selling now can be making losses permanent (50% chance) and missing any gain from quick bounce.
More like stairs up and elevators down.
Much like childrenâs slide play
AAPL shot up after Apple launched iPhone in Jan 2007. Two years later, lost all the gains! I am seeing similar things in some growth stocks, losing gain since 2020. Any of these are going to be an AAPL?
Do their business models still remain intact (product, customers, suppliers etc)?
For us to figure out 
Thatâs the billionaire dollar question you have just asked.
Anyway, just because a stock lost all the gain since 2020 doesnât automatically mean is a loser.
Even a rock solid company like Apple that have launched a revolutionary product like iPhone can still lose two years gain. IMHO, the lessons here are two years is still too short a timeframe to think about stocks and that company fundamentals are more important than macro-economic conditions.
Then, I have capitulated already. The last time I checked my accounts was on Dec 31/ Jan 1, for my year end assessment, which obviously was good. Since then I have just given up and frozen. No point looking nowâŚ
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