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Lovecraft

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Just constantly going up and up even though economies across the world are failing.

 

How long before it spectacularly tanks?

 

It seems to be held up by just a few key stocks like Apple, Facebook, Tesla etc   to name the most well known ones.   Most analysts are saying that this is due to more bedroom investors since the lockdown started and the FOMO.   They have also said that the majority of these stocks are way overpriced and there is no way that they can continue going up at this rate.

 

How long before one of the big guys pulls all their money (then shorts) causing the house of cards to crumble?

 

EDIT :  just to add I think a hard crash is coming soon, regardless of the lockdown easing.

Edited by Lovecraft
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SwindonJambo

It will happen when Governments are no longer in a position to prop up their economies with schemes such as Furlough. We're in for a crash at some point. Unfortunately the boom will help Trumpet's re-election prospects.

 

Interestingly, Scottish Mortgage Trust, managed by our very own James Anderson has jumped enormously since the recovery from lockdown and is now about 25% above its pre Covid peak. He has a large holding in Tesla. 

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38 minutes ago, Jambo-Jimbo said:

It was forecast last year that there would be a crash and probably a global recession this year, even before Covid appeared.

 

I'm guessing the new lockdown investors will be what's delaying it then.

 

 

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Space Mackerel

Warren Buffet has apparently transferred a lot of his banking and aircraft stocks into gold recently.

 

When it comes it's going to be the motherload of all crashes.

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