IdeletedRobinhood
Oct 14, 8:39 PM
$PATH
I don’t think we are headed into a crash, likely a correction (not worried about PATH though due to not trading at bubble multiples)
But 2020 wasn’t a financial crash and would have recovered by itself, but happened quickly due to money printing
During the ‘08 crash though, SPY didn’t reclaim ‘06 highs until almost five years later in ‘13
2020 was a fart in the wind compared to 2008 - and I do think 95%+ of retail traders today, who have gotten used to an essentially never ending bull run, can’t comprehend how bad an ‘08 still crash actually is
People today “buy the dip” with an expectation of the dip coming and going within a few weeks
In ‘08 you’d find yourself “buying the dip” for almost two years and losing money the entire time
Doesn’t mean not to always buy and add index funds if your time horizon is 5-10+ years, but the “buy the dip mentality” of today would likely wipe out a majority of StockTwits users due to their accounts shrinking non-stop for two years - and then needing to liquidate what is left to pay bills/debt due to a horribly economy
Probably not happening though IMO
Economy is fine.. Just too much wealth concentrated into few AI companies at excessive valuations - and wouldn’t be surprised to see a correction because of it
Regardless PATH is a good place to be IMO 🍻
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