Do you know what "the lost decade" was? Do you know what it refers to at least? Do you know what P/E's are and the difference between current and forward? Do you know how valuations are determined what they are based on? If you knew the answers to those very simple questions "covid traders" wouldn't be here asking us such ridiculous questions as above.
I guess in fairness though when you have only had "months" of "experience" if you can even call it that, what do you expect (that's not taking a shot just being honest). Until you lived through recessions/crashes, owned properties you aren't going to understand that much by default. For starters the main reason to "pull your money out" is posters such as yourself.
When you are seeing posts totally clueless like you just made (everywhere), its the best indicator of an incoming crash. Works with a 100 percent accuracy as I have seen in the last 3 or 4 crashes (if you count covid which I don't). No point chasing money in something that is being held up by traders who have no idea, it just mean you get wiped out alongside them.
The other reason as I hinted to above is the upcoming "lost decade" or "two". The "two" probably being more accurate. People think that's a term to be used after the crash but what if its already started? If you take current valuations and P/E's we are already paying 3 or 4 or even 5 times more than some stocks are worth. Why? Main stream media says to?
Wall Street uses forward looking P/E's for exactly this reason the same as forward guidance (versus current). Its like saying buy now and hopefully in years to come its worth the money. But even using these ridiculously broken metrics many stocks are still 2 or 3 or even 4 times overvalued. Then I see the arguments but my stock is valued appropriately.
But lets explore that. How was/has earnings season been? "Estimates" are always the tool Wall Street uses to reduce expectations to the ridiculous to then say we "beat". Yet corporate earnings are falling. Like saying we are making a lot less but we we didn't go broke so here is hoping? And you wonder why most companies were pump and dumped on earnings?
But now lets add the recession. We are without doubt heading into a major recession you are dreaming and drinking too much Kool-Aid if you think differently. Now what does that do to not only current but future P/E's and valuations that are already extremely overextended? Its why if people opened their eyes they would realize the next "lost decade" or "two" has already begun?
So many stocks are already "crashing" and not bouncing back as smart money exits. Penny stocks being hit the hardest but that's how it always is they go first, the canary in the mine. But its spreading and why we have CBA at insane levels trying to hold the market up which should be telling everyone its time to start taking profits and running to the sidelines.
But instead as another "covid trader"/troll found out with IMU the hard way, they are trying to double down because retail thinks "this time is different"? So what reason do people have to "mass pull" (as you call it) their money out? Well, you and traders like you are the main reason but also the fact the next "lost decade" or "two" has already begun?
Why do you think the term "future bag holders" was invented?
P.S. Once the topping process is complete and this "final" suckers rally is over its going to be years before we see most of these prices again and still retail are piling in at these levels hahaha. That's my indicator right there. BTW that's if of course your stocks survive. Good luck.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-23041
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