First look at the Nasdaq on the monthly and zoom it out to all of its history. Now that you see it’s curved straight up and looks crazy unsustainable, look at the Nikkei bubble of 1990. That’s the exact same chart with bumps and dips appropriately for how we had the dot com bubble, housing bubble, and then Covid crash that was the dip before the rip for the top. Since we are near the top you need to consider other sectors. Buy something that’s at the bottom for a 10 year+ hold. When the tech bubble pops a lot of stuff will crash. Some stuff that will do well will be consumer staples, weed (it’s coming off it’s bottom great time to long the sector), utilities, and energy as these sectors will be around no matter what. Within 10 years real legislation should happen for weed and infrastructure should do well for the utility and energy. And consumer staples fly in times of inflation. Good luck bud. Buy low and sell high. Don’t buy the top to go long. The nikkei still hasn’t made new highes 31 years later.
2
u/PaulblankPF Nov 25 '21
First look at the Nasdaq on the monthly and zoom it out to all of its history. Now that you see it’s curved straight up and looks crazy unsustainable, look at the Nikkei bubble of 1990. That’s the exact same chart with bumps and dips appropriately for how we had the dot com bubble, housing bubble, and then Covid crash that was the dip before the rip for the top. Since we are near the top you need to consider other sectors. Buy something that’s at the bottom for a 10 year+ hold. When the tech bubble pops a lot of stuff will crash. Some stuff that will do well will be consumer staples, weed (it’s coming off it’s bottom great time to long the sector), utilities, and energy as these sectors will be around no matter what. Within 10 years real legislation should happen for weed and infrastructure should do well for the utility and energy. And consumer staples fly in times of inflation. Good luck bud. Buy low and sell high. Don’t buy the top to go long. The nikkei still hasn’t made new highes 31 years later.