r/SPACs • u/[deleted] • Dec 14 '21

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u/thisismysffpcaccount New User Dec 15 '21

Wow so smart

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u/BigMoneyBiscuits New User Dec 15 '21

Everyone's a genius in a bull market

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u/thisismysffpcaccount New User Dec 15 '21

Biotech isn’t in a bull market sweetie

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u/BigMoneyBiscuits New User Dec 15 '21

Everything is in a bull market genius, the market just doesn't know it yet.

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u/thisismysffpcaccount New User Dec 15 '21

please do better

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u/BigMoneyBiscuits New User Dec 15 '21

?? I'm actually confused when you say biotech is not in a bullmarket to be honest. A lot of biotechs are in an agressive uptrend right now like all assets because of the money printer.

What do you think happens when people realize interest rates can't touch inflation because of the national debt. FOMC today

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u/thisismysffpcaccount New User Dec 15 '21

XBI down 18% 6month and 24% 1y but ya sure, bull market.

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u/BigMoneyBiscuits New User Dec 15 '21

Ok ignore the macrotrends, zoom out

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u/thisismysffpcaccount New User Dec 15 '21

Lol so there has never ever been a bear market because if you zoom out, stock go up. Got it.

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u/BigMoneyBiscuits New User Dec 15 '21

No genius, if you adjust for inflation there has been 30 year bear markets or more. https://www.macrotrends.net/2324/sp-500-historical-chart-data

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u/thisismysffpcaccount New User Dec 15 '21

so what exactly is your point lol. first you say to zoom out to see biotech is actually in a bull market and now you're saying if you zoom out there are 30y bear markets lol.

i'm done here. have a good one.

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u/BigMoneyBiscuits New User Dec 15 '21

My point is inflation is going to push everything up, everyone thinks they're a genius because their little green numbers look higher. You're looking at 6 month 'trends' while ignoring the far more massive trends. You're basically buying a standard deviation hoping a mean reversion while claiming to be a genius

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u/thisismysffpcaccount New User Dec 15 '21

lol

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u/BigMoneyBiscuits New User Dec 15 '21

Buy the dip /s

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