I can't believe I need to be saying this, but the discussions here in this subreddit has led me to believe I am being gaslit, people here are young investors with no notion of being long-term investors, or maybe I'm the fool that's only been in the market for 8 years so I'm the guy who has no idea what I'm talking about. If it's the latter of the three, feel free to correct me.
For the past weeks I have seen so many people saying they are holding cash because they point out it's plainly and clearly obvious that in the coming months tariffs will finally take effect and that's when the true hurt will begin. The stock market is still overpriced. The V shape recovery after a crash is a lie this time! A true recession is where stocks will be down for years. Europe hasn't even retaliated yet. The true people who are 20+ aged investors and lived through 2008 know it's time to hold cash and wait. Even Warren Buffet is holding cash!
All pure speculation in my view. If I asked you right now what Trump's next move is, what Xi Jinping's next move it, if there will be a trade deal between USA and China, if Trump is backing down now due to advisors, can you answer any of these with certainty? Can you also tell me that when GOOG, NVDA, UBER, META, AMZN, XOM, etc all report earnings they will tank rather than go up and bring the markets up? Where exactly is the market bottom?
Just stop. Just like how today I can't tell you we are going back to a bull market with reaching ATH by the end of the year because we just had two massive days of rallies and Trump saying he is going to be soft on China with reports that his advisors were shitting the bed about the economy, you equally can't call the opposite about bull traps or whatever. What I can tell you is that you just missed a bunch of blue-chip stocks that were trading for one of their most undervalued prices ever. You should have been buying a week ago, you should be buying now, you should be DCAing stocks you have conviction in until they reach a price you believe is overvalued and you find a better opportunity in another.
If you are an investor and stock holder, you are in this for the long-run. You are in this 10+ years. Even if your recession thesis plays out the market will recover. If you on the other hand are looking for a short-term, 10x my money in 2-3 years and retire, you're in the wrong place. Time to head towards r/wallstreetbets/