Feb. 16 at 5:02 PM
$UBER $CART $SPY $QQQ
There is no logical reason that my positions should be underwater. The recent earnings report from Instacart was astronomically good. Great forward guidance, strong earnings growth, huge increase in daily users., etc.
Uber had a strong earnings, but they didn’t forecast strong guidance. But, the important metrics you want to see like an increase in users and subscriptions was up significantly.
We are unfortunately experiencing a time when the public is buying stocks at a rate that is its highest point in recorded history per amount of money, but I’m sure with inflation adjusted 1929 would beat us.
But it is important to know that the public loses with regard to the stock market.
Institutions and the 1% win. The public is used as a way to make money. It’s like they buy the top and they’re the ones that are buying the shares being sold with them by institutions.
We could see a -20% decline to index’s…. It should not happen, but the market is manipulated.
