Z1P woukd you buy more today?, page-24

think about this....

The coronavirus market downturn spurred young people — in some cases, for the first time in their lives — to get started with investing.A spike in new accounts at online brokers show that young and inexperienced investors saw the coronavirus downturn as an entry point into the world of investing and not a time to hunker down.“New investors who sense a generational-buying moment but do not have much background in the equity space,” Citi chief U.S. equity strategist Tobias Levkovich said in a note to clients. “We have heard anecdotally about younger individuals with less market experience viewing the March plunge as a unique time to start portfolios and often crowding into the tech arena, purchasing the stocks whose services or products they know and use.”

The major online brokers — Charles Schwab, TD Ameritrade, Etrade and Robinhood — saw new accounts grow as much as 170% in the first quarter, when stocks experienced the fastest bear market and the worst first quarter in history.But young people apparently saw it as an opportunity and began buying familiar technology stocks.




This is what fear of missing out looks like!.....it has nothing to do with how the stock is performing

Quote....young people saw it as an opportunity to buy technology stocks ...in record numbers...

they are going to get BURNT Bigtime

this is the reporting from the Online major broking houses.....buy more if you think it rubbish