Looks like the bear market rally is over.
This all to be expected! Once Pelosi gained the majority and most idiot-minded Americans voted for socialism, this was bound to happen. I was told to get out of the market the moment the Demonrats won the majority. They don’t want a strong America they want dumbed down brainwashed people to lead us to a Venezuala economy!
Time to buy.
I predict the market will rise and fall and rise and fall over a period of time.
Actually, it looks like the tech stock rally, like the dot com rally previously, is being exposed for what it is - a temporary trend.
The tech sector is committing suicide by putting politics before fairness and before business sense. If tomorrow a competitor to Apple, or to Facebook, or to Google were to emerge, and made it clear to the American public that they were committed to maintaining peoples privacy, personal rights, and to avoiding politics-based censorship in any form, that competitor would begin a path to commercial success and dominance and to the destruction of the aforementioned.
Man, I wish the rally would have waited till New Years - sometimes perception is important.
Well, my play money is gone.
Everything I have in is locked in, so I will see this out one or the other.
I know there are others out there in the same boat.
Just remember..
Storms never last.