Yesterday you would get rained with downvotes for spreading FUD if you said anything negative. Today you get downvoted to hell for saying something positive. The sentiment here has switched overnight but it will pivot back again in an instant if things change direction again. Newbies should know that upvoted comments/posts here are not a good basis for decisions as they tend to just reflect what is happening right now.There are clearly a lot of people selling right now and I feel for anybody who bought at the top. That shit is stressful. The way I see it there are 2 possibilities:The market is completely overextended and is crashing. Say hello to a bear market for a few more years.People have been saying for over a month we need to retrace atleast 20% to find some stability. Well this is it and a large dip like this right now is necessary for the bull market to continue.Nobody here knows for sure which of these is playing out and it is up to you personally to decide if you are comfortable with this. Personally I planned to invest for 10+ years anyway and I've made peace with either outcome right now.
Submitted February 23, 2021 at 04:12PM
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