This week is the one year anniversary of the market melting down due to the rona. Or more accurately, the media and politicians’ reaction to the rona. March 18th was the low I believe and we struggled a but but DID continue to go up from there.
I did well in my accounts over the year. Although I think a blind chimp did well in his\/hr accounts this past year. People who never invested before in their lives made money in their newly opened Robinhood accounts.
Altho, this past month – meh. Not sure how those same RHers have done in this chop. Or if they gave any thought to their tax implications due soon. Surprise!
Biden has been a pile to stinky crap for the market. Certainly cannot lay all the blame at his feet (although since Libs liked to do that with Trump – I’ll go ahead.) But not knowing what the tax issues will be (though we all know they will raise taxes so F Biden), the still inconsistent state reopening issues, etc. has been a giant pile of suck.
I mean – what good is a vaccine if we all still have to wear masks everywhere? HOW STUPID IS THAT? If I still have to wear a mask, you can keep your vaccine. F off.
Seriously considering cashing up a lot and waiting out the next month or quarter or even through summer. Do small trades, or maybe add to long term positions but this chop fest over the last 4-6 weeks has been sucky.
Trading was fun this past year. Even on the stressful, down days – it had a better feel to it. Hopeful to get out of the “pandemic”. But now that we got to the near-end – a vaccine – the magic jab! – it’s still crap. Actually – worse crap. Biden is not hopeful. Biden is not Presidential. So we have no optimism in our leadership. That’s pretty suck. And please do not get me started on Gavin.
These past 2 months have really been not fun. Even on the good days with good trades – always the feeling in the back of my head of “how fast will this turn?” And in a period of time where we are enforced to not have fun, that really sucks.
Once this quarter ends, let’s see if things turn around a bit. But I have to say – I do not think it will. Eventually. But not yet.
F Biden. F China.
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