Saturday, March 07, 2020 1:18:06 PM
The US economy is in pretty good shape with interest rates headed lower so I don't think disposable income is going to take a major hit unless we see a big uptick in layoffs which so far has not been predicted but certainly possible.
Valuations have been high but the revenue growth trend overall has been viewed as positive. Most in the sector are still projecting a less then positive earnings projections.
I still see enthusiasm for the sector being the short term driver of increases in share prices. That pretty much has been the story for the last few years. Combined with frequent big swings both up and down with these stocks I've chosen to hold my positions and add on a couple that I think will benefit from cannabis 2.0. It's not a strategy that has been as successful as those who have timed the ups and downs fairly accurately but more a reflection of long term expectations. jmo
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