10-13-2020, 10:34 AM
I just feel like the bottom hasn’t even begun to fall out of this yet. I made a good chunk of change on the down earlier this year and rode it back up, then cashed out again.
There are huge unrealized sectors of the market that have not even begun to hurt yet. A lot of the current tech bets are not going to hurt until next year when state and federal revenues shrink dramatically due to the loss of tax revenues and their contracting work takes a hit. Commercial real estate is in for an incredibly hard time over the next 5 years. The government can’t protect homeowners and renters indefinitely, and that could lead to a bank crisis unless significant stimulus measures are taken. Add a second wave of COVID.... you get the picture.
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There are huge unrealized sectors of the market that have not even begun to hurt yet. A lot of the current tech bets are not going to hurt until next year when state and federal revenues shrink dramatically due to the loss of tax revenues and their contracting work takes a hit. Commercial real estate is in for an incredibly hard time over the next 5 years. The government can’t protect homeowners and renters indefinitely, and that could lead to a bank crisis unless significant stimulus measures are taken. Add a second wave of COVID.... you get the picture.
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Why do people just post what they are thinking? Without thinking.
2012 Ford Mustang
1995 BMW 540i/A
1990 Eagle Talon TSI AWD
2012 Ford Mustang
1995 BMW 540i/A
1990 Eagle Talon TSI AWD