Lovecraft Posted August 31, 2020 Share Posted August 31, 2020 (edited) 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 August 31, 2020 by Lovecraft Quote Link to comment Share on other sites More sharing options...
SwindonJambo Posted August 31, 2020 Share Posted August 31, 2020 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. Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted August 31, 2020 Share Posted August 31, 2020 It was forecast last year that there would be a crash and probably a global recession this year, even before Covid appeared. Quote Link to comment Share on other sites More sharing options...
Lovecraft Posted August 31, 2020 Author Share Posted August 31, 2020 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. Quote Link to comment Share on other sites More sharing options...
frankblack Posted September 1, 2020 Share Posted September 1, 2020 I think investors are bidding high on tech particularly companies that thrived in lockdown. Stocks like holiday firms not so much. Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted September 1, 2020 Share Posted September 1, 2020 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. Quote Link to comment Share on other sites More sharing options...
Lovecraft Posted September 3, 2020 Author Share Posted September 3, 2020 Dropped 5% today. I think tomorrow will be worse. I'm gonna short it. Quote Link to comment Share on other sites More sharing options...
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