The portfolio recovery plan is moving forward no matter the weather. In 10 years, it won’t matter if I timed it to the juiciest spot. Surprisingly many acquaintances have completely refrained from making periodic investment savings because “the bottom hasn’t been seen yet,” and the threshold to buy into rising prices only gets worse day by day. A twinkle in the eye and march on. Quoting myself:
I’ve made a completely new observation during these past two months. Even today, with my portfolio up 7%, it’s hard to focus on studying when I just want to stare at green stock charts. It somehow feels really good again and again when I see +10% on the board. I’ve never been high, but this must be what it feels like. Does anyone else feel the same way?
It does feel pretty wild. I have a company in my portfolio whose P/E based on last year’s earnings is about 1.5, but no one knows what the E might be for this year’s earnings. The company’s management also speaks quite vaguely. Another company has risen 70% in two weeks and will rise a lot more today. The temptation to cash in profits and see if I can get back in at a lower price after some time is starting to rise. I’ll have to keep my eyes open, at least.
Cute that Masse uses Explorer. …I used it too, back when modems were still rattling next to the computer.
I’m sure the rum will continue, because at least Steen Jakobsen believes that the economy will only start running on all cylinders after a very long time and social distancing takes about 3 percentage points off the GDP every month.
Today I played with one short in the morning for some beef money, but nothing longer. I also bought and sold stocks. Let it rally, I’ll short again when it sags
Well, this day has finally arrived. The strongest signal of a bull market, i.e., mass discussion about a stock market surge, has begun. Let’s start tracking it now.
But at what point will the discussion lock up? Will the situation just turn out to be a mass bulltrap?
And at least the SP500 is currently indicating that today we saw ~three-week highs almost simultaneously with the creation of this thread, and after that, we can crash again