Best_loser said:
When the Dow dropped to 18,000 a few months ago, that was a good time to buy stocks like the tech stocks not affected by covid
With the Dow now close to 30,000 its time to get out imo
Unless you think it will keep pushing it's all time highs, as it has done for 40+ years.
Truthfully while you can look for patterns and indicators, there is no logic at all, especially at the moment. I went with my gut and took some profit out before the US election, amid all the inevitable turmoil and uncertainty, but things went the other way and some of my sold stocks went parabolic, such is the game.
The post March recovery was carried mainly on the shoulders of the tech giants, Amazon, Tesla etc, even Bezos himself has said that Amazon's growth in the near future is going to slow down down significantly, and Musk straddles the line between crazy and genius more than anyone in recent history.
If you know the industry, or are comfortable with the risk, there's some serious coin to be made from backing the smaller EV companies, I say smaller in comparison to the behemoth of Tesla. Arcimoto went nuts last week, one I looked at recently, but missed the rise on, sadly.
https://www.arcimoto.com/
