of course its better to get lucky but what is your strategy for getting lucky?
Yeah, I'm just joking. I'm also amazed that stocks are so high while the economy seems so shut down. I live in Hawaii, and the economy is crushed and unemployment remains very high. I don't understand how more people do not starve given the unemployment levels. We used to always hear these news stories along the lines of "33% of Americans DO NOT have $500 in emergency savings!!!", so how have those people been eating given the unemployment of many since March?
My family doesn't do squat. We shop for food, and occasionally go to the beach, but we spend as little as possible. Who is driving the economy and stock market to new highs? Ya go me. But ADI just reported this morning, beat revenue and EPS numbers and guided next quarter higher.
Perhaps the stock market is forecasting a return to normalcy by Xmas 2021 due to a vaccine, but still, why is "normal" so fantastic that stocks are at record highs? Maybe low interest rates = everything is worth more today.
I understand the crypto boom. Crypto is largely a short on fiat currencies, and I think EVERY major nation has blown a big hole in its budget during the pandemic. Deficit spending is a huge positive for crypto currencies since they aren't attached to a government that can devalue the cryptocurrency. When fiat money does poorly, cryptos explode higher.
I'm realizing my investments are mainly growth (semis, drugs, technology) and not much value. I own a few food stocks and Dow components, but I don't know if they're value stocks.
Anyone interested in a "cheap" semiconductor stock have a look at SIMO. Semi large caps seem to trade between 23x to 50x, SIMO is sitting there around 10x. See the SIMO board for more (too much) info. |
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