From past experience, they usually react too late. From what I am seeing, this is affecting income generating asset now. A real recession is definitely happening. But the fed is dumb and don't know how to feel the market. Which means they will continue to hike until the market crash, just like begore.
Just because a person monitors the price doesn't mean they're engaged in "short term trading". Many of us are just looking for good entrance and exit points. My horizons are quarterly. I view the quarterly reports are reliable, date-predictable, thesis-proving-or-debunking market movers (one way or another), and I want to be around for them.
A correction is long overdue. What's happening is a good thing. The market has been overheated for the past couple years.
Yes, I meant didn’t. I should have used the word production instead of adoption or specified EV adoption by OEMs. I assumed everyone here knew what I meant/could read my mind. OEMs should be pumping out EVs like crazy by now, that was the Tesla plan; show that EVs could be compelling, spurring them all on. But that didn’t happen. So a few years back Elon changed his mind about what Tesla would do to make OEMs produce EVs or die. My money is on die.
I'm aware, but there are people who definitely are short-term traders. Monitoring and looking for the right point to enter or exit certainly makes sense, but egging it on to reach $330 or whatever other point is just annoying. If the poster used the word "if" instead of "when" I would never have even posted.
I bought trading shares/calls when it dipped to $330 two times in the past two weeks, sold on the bounce. I’ll do it again (if it drops to that point) but I’ll still keep my January calls.
Buyers seem to show up at 340. ...still think we can close above 360 by end of week....not saying what week
Drax7, interesting how you can disagree with a verifiably factual statement. And that traffic light is certainly not meaningless. Not sure if you drive, but they're pretty useful things.