Printer turned into shredder2020-going on:
-Pandemic with failed vaccines and endless boosters
-Supply shortages
-Struggling job market
-Skyrocketing bond purchases
-Tapering right after
-Never ending tensions between the US and China
-Never ending tensions between the US and Russia
-Extreme tensions between Russia and Ukraine + western countries
-Small and mid cap stocks tanking non stop
while the same tech stocks are pumping non stop over and over again, keeping the market alive
Here is my opinion:
I just don't see any logical reason to keep it going like that, like we have seen in the past months/years.
You can't keep running non stop without collapsing and gravity always wins. All the perma pumpers,
especially the new generation of meme and pandemic traders need a reality check. It's easy to scream
non stop "to the moon...new all time high...stocks only go up...etc." in a propped up stock market.
It's funny how they disappear in online forums when the market suddenly decides not to gap up non stop.
They literelly don't know what to do. That goes for "small" traders, but also for traders who gained
many followers during that time, acting like wise gurus.
Have fun trading BOTH ways and trade the charts, not your hopes and wishes (or blindly follow others)
