Quote (excellence @ Mar 8 2021 10:49pm)
eventually it will reverse but yeah, it is near-impossible to replicate last year’s stupidly phenomenal gains in tech growth stocks
a pull back is due anyways, but after the stock market kamehameha’d the shut down economy in 2020 i dont see it happening even if they raise interest rates multiple times in 2021.
In my view, a strong recovery is already priced in to most company valuations, with the exception of really hard hit sectors that won't recover fully for years (oil, commercial banking, retail). This is why we could easily see a pull back as the economy is rebounding
There are also some sub-optimal scenarios that are not being given much serious thought by investors, like new COVID variants putting lockdown loosening in jeopardy or inflation rising to a point where rates have to increase significantly
This post was edited by dro94 on Mar 8 2021 05:26pm