Quote (ofthevoid @ Apr 13 2020 12:42pm)
I'm starting to position my portfolio towards a stagflationary environment, fundamental are key long term. Metals exposure through FCX, have BTC and adding, have some tech and slowly adding using dollar cost averaging and then have some beaten up names like BA that feel like a bargain because they've been destroyed. At this point i'm still like 60-70% cash and still short term bearish but i do think it's wise to start nibbling at certain names that look appealing.
I think earnings season will create some real winners and losers. People are expecting garbage earnings from most companies, there could be a really nice surprise when for example you have some tech companies being barely impacted but they are down 20%.
I was short term bearish too but based on how all these dips are getting bought up so fast I just don’t know anymore. Have to rethink my strategy. After today I’m short term bullish longterm bearish because I don’t think what we are doing is sustainable and we aren’t appropriately factoring in jobs losses
I still have AMD longterm which I’m heavy in which I won’t be selling ever from tech standpoint. Like u I’m looking at portfolio and trying to pick some winners, I want Disney... that 100 level is showing so much resistance, I fundamentally just can’t ... I am liking Facebook though
Crypto I have never gotten into so I won’t start now, don’t know enough about that market. The idea of 24/7 trading is far too stressful for me, I need breathers lol