Origin House (fka ORHOF)

[CornellEngineer]

Personally, I really don't care what Apple stock does. Apple is just a symptom of the overall weakness in the broader markets and certainly not the cause. IMO, the big markets are going down...and they're probably going down hard. May come before Christmas, or perhaps in the first half of next year, I dunno...but if I was a betting man (which I obviously am because I like to trade pot stocks after all!) I'd bet we're a lot lower in the not-too-distant future than a lot higher. But I should state for the record that I am somewhat of a closet Gold Bug, so whenever I read scary articles about the market plunging I tend to believe them more than the all-is-well keep-buying-on-the-dips rosy ones.

I've read numerous times over the years that the "sin stocks" often tend to do well during a recession when the stock market is unmercifully grinding ever lower...stuff like beer, wine, cigarettes, chocolate, etc. I don't think I actually ever took a look and verified this for myself, so this assertion could very well be wrong. But if this is really true and not just another erroneous financial myth, I imagine once there are just a small handful of pot companies left and the vast majority have either been acquired for pennies on the dollar or totally disappeared into oblivion then the few MJ stocks that survive will probably fall into this category and may fare well even in bear market recessions. But that is still years in the future at this point and these MJ stocks are far from being mature enough to trade rationally just yet...so if the market as a whole totally tanks then most of these marijuana stocks are probably going down with it.

One good thing...apparently there is a brand new product out there that investors of all political persuasions may find useful should we get hit by a long overdue and painfully severe bear market...

https://www.wired.com/story/trumpy-bear-sales-divided-the-world-existential-abyss/

Conservative investors can clutch theirs tightly for comfort and sob into it while they watch in horror as their portfolios get sliced in half or more. Liberal investors will no doubt find some solace by kicking, punching, strangling, burning and stabbing it while they watch their 401Ks go up in smoke. Not gonna reveal which category I fall into...but let's just say I'm getting ready to sharpen a few long knives just in case. Hmm, maybe I should buy several?