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Re: mo_doggie post# 2833

Monday, 05/09/2022 3:50:52 PM

Monday, May 09, 2022 3:50:52 PM

Post# of 2921
That’s the issue. The floor dropped out and in a few shorts weeks, years worth of gains were erased as the market wide reset takes place.

Unless you were smart, read the fed, and rolled over near the top, most recent investors have become bag holders for years, which is how long it will take to simply recover most of this three/four week mass exodus selloff.

Risky growth assets such as this may never recover fully. My portfolio is full of them. I’m not selling now either, but I’ve been thru this before. In 2000, I had 500k left in a trading account filled with dot com names that I thought had to come back from a recent 50-60% decline. They didn’t. Most went to zero. Will that happen to so many new tech growth names that looked to be great companies moving forward but are now being decimated?? Only time will tell. But the likes of peloton, zoom, beyond meat, teledoc , palantir, data storage and security, fintechs, paypal, draftkings, cannabis growth models, as well as hundreds more, are clearly in a camp of uncertainty. They will need cash infusions at higher yields to continue to grow. Valuations will take a hit and the road to profitability will become murky. Expansion projections may come to a halt as a result. Tough times ahead for risky assets. Unfortunately for me, I’m over loaded in risky assets tied to growth models that are yet to be profitable. Fook the fed.

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