Beginning to wonder if the much talked about 'melt up' into May
is really going to be just a defensive rotation into big tech and
large cap stocks on the premise that they'll better weather the
anticipated downtrend later this summer/fall.
It used to be 'screw the IRA contributors' as the market was
always close to an all-time high when the last-minute IRA
depositors purchased their mutual funds at the top...only to watch
their investment drop 10-20% before getting their 3Q account
statement. Until the endless QE to infinity distorted normality
:)
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Beginning to wonder if the
Weak Breadth under the market today (big tech carrying the ...
Posted by rjdst on 13th of Apr 2021 at 11:16 am
Beginning to wonder if the much talked about 'melt up' into May is really going to be just a defensive rotation into big tech and large cap stocks on the premise that they'll better weather the anticipated downtrend later this summer/fall.
It used to be 'screw
Posted by profmel on 13th of Apr 2021 at 12:05 pm
It used to be 'screw the IRA contributors' as the market was always close to an all-time high when the last-minute IRA depositors purchased their mutual funds at the top...only to watch their investment drop 10-20% before getting their 3Q account statement. Until the endless QE to infinity distorted normality :)