Is this the time when the biggest junk pumps?

Discussion in 'Trading' started by orbit23, Apr 18, 2020.

  1. orbit23

    orbit23

    The coronavirus has instilled real fear in the people and the great majority has turned bearish on a single dump.

    While i do believe, the consequences are to be catastrophic on the longer term, i also think the reaction has been exaggerated on the short term.

    Fears of the recession and the global economic collapse has spread thru the masses. People do not have
    faith in the markets anymore.


    To me, this seems like total capitulation. Everyone has sold. I think this is the time when the biggest junk, most worthless assets start pumping beyond your imagination. What do i have in mind? Things like pot stocks and cryptocurrencies.

    Are there any other similar trashy assets? Let me know, i am interested to invest in.
     
  2. Mortgage Backed Securities resellers (sry for auto caps) airlines and banks that were almost unprofitable before.
     
  3. Mark Cuban

    Mark Cuban

    As an entrepreneur I think it is important to see the beauty of what you invest in even if it is dumping amid these times of crises, you have to know why your investment is losing value and act accordingly. These are the steps you must take in order to be on the road to success. Have a bless day
     
    Cuddles likes this.
  4. Cuddles

    Cuddles

    I agree Mr. Cuban