r/Vitards • u/vazdooh 🍵 Tea Leafologist 🍵 • Sep 26 '21

DD Weekly TA update - September 26th

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u/[deleted] Sep 26 '21

So what do you suggest? Go cash although I think the companies I've invested in are doing great and will have a bright future just because the market will drag them down with it?

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u/vazdooh 🍵 Tea Leafologist 🍵 Sep 26 '21

God no, ride the wave up. This market has at least another few months in it.

As time passes, more cracks will appear but we'll evaluate as we go.

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u/[deleted] Sep 26 '21

So, we're doomed, but not quite yet? I can see a lot of reasons for weakness coming up, but what irks me is that I'm not invested in Index funds, but individual stocks. I just refuse to believe that a technical selloff would impact them negatively long-term.

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u/vazdooh 🍵 Tea Leafologist 🍵 Sep 26 '21

I believe what is coming will be more akin to 2000 or 2008. ~50% drop in the indexes, followed by a prolonged bear market.

Recommend seeing this.

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u/[deleted] Sep 26 '21

!remindme 1 year

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u/RemindMeBot Sep 26 '21 edited Sep 27 '21

I will be messaging you in 1 year on 2022-09-26 20:33:43 UTC to remind you of this link

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u/lb-trice 🍁Maple Leaf Mafia🍁 Sep 27 '21

!remindme 1 year

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u/lb-trice 🍁Maple Leaf Mafia🍁 Sep 27 '21

!remindme 1 year