Cannabis Investment Club

[CornellEngineer]

No telling what this will do to the pot stocks. I've looked at the DJIA vs the pot sector in the past and I never saw a strong correlation between the two. On days the broader markets were up big sometimes the potters would follow suit and sometimes they went the other way. Same thing on big Dow down days.

If we had a neutral broader market right now I mighta said that it looks like the pot sector could be close to bottoming out here, but with the big markets in a freefall all bets are off, IMO. The lack of correlation means the MJ stocks might hold up okay for awhile but if the selling off of the blue chips and high techs and damn near everything else continues I just don't see how a lotta folks who have some speculative money in MJ don't get all defensive and start pulling that out eventually.

I imagine some pot stocks might still do okay but I'm guessing not too many of them will fare very well in an environment like that. Guess we'll just have to wait and watch to find out. Only have 2 open positions right now so not much on the line at the moment.