Quoted from DBLM:
Hey iceman44 would love to get your read on Tech. I am normally a big tech investor and freely admit that I missed the big move. I took big gains in my positions at the end of Jan/beginning of February because I thought the market was frothy, and never got back in to that sector. The fundamentals just seem all of out whack based upon the situation and revenues, but I thought that the market was lighting the rocket under this sector to have something to point towards. Due to COVID, the rapid ascension, and seasonality, I think we could be in for a rude awakening as earnings season cranks up, but would love to get your take.
Agree about Covid. It could create some more real turbulence. I wish it would. I’ll use it to pounce again.
What works with or without Covid? DOCU, AMZN, AAPL, GOOGl. The rich get richer
How about LVGO?
Tech and momentum is just where all the money is going right now. If it ain’t broken don’t fix it?
Motley Fool Stock Advisor updates Best Buy’s every Thursday.
Just now, it’s CRWD, TSLA, TTD, WORK, ZM
Sometimes I shake my head and then watch the momentum keep pushing them higher
I look at where I think things will be 3-5 yrs from now given 5G, AI and health care secular transformations.
Start a position in what you have high conviction in and then buy more when it goes down
Bottoms up individual stocks No broad indexes unless you are just going to put it aside for 25 yrs
And another theme like I mentioned before, money is already rotating to China and emerging market stocks to capture some of that perceived value and buffer the election risk