I still think we have another leg down, perhaps in March.
I wouldnt rule out a “the market baked in ukraine” bounce tomorrow.
Also, today was pretty close to a retest of 1/24 and 1/28 lows. Maybe not for our stocks like ddog, but others like mndy and docn and the overall indexes. Glbe gave back their er bounce.
I finished only slightly lower but keep buying all the way into close and improved my cost basis on every stock.
If we have another 10-15-20% type rally in growth, in next few days, i probably pocket the gains and wait again for another retest of the lows.
If this is Dec 2018 or covid type corrections, we are ok.
If this is 2000-2001 and 2008-2009 type stuff, this whole year could suck.
Ukraine is just a distraction, imo, from the multiple contractions overdue from the 2020 and 2021 excesses. Free money over, kiddos.
I maintain the saul board gains of 2020 were a fluke of the market. The same market saw ttd mgni tsla gme amc bitcoin/crypto tdoc lvgo pins pton and the almighty ZM all go parabolic. It wasnt just saul stocks. It was monkeys throwing darts.
Bruce Brown still defends his gorilla game board deapite the csco jnpr rbak and other 2000 era busts. He touts msft gains but ignores how msft was flat for 15 years or so after 2000 peak.
But this time is always different.
Looking forward now is all that matters.
Annual cagr is all that matters.
Hoping to have a great monday on a wednesday. I say it is a 50/50 shot.