The stock picking is not for everyone. But because S&P500 is up big th...
The stock picking is not for everyone. But because S&P500 is up big this year doesn't mean it is going to be a good long term investment. I have stocks that are down this year and I am buying more because I believe in their fundamentals. SP500 on the other hand can easily see a correction in coming months.
Look at AAPL $Apple(AAPL.US)$ . The earning was bad and the stock actually fell afterwards. Then, it had this crazy run since people feel that you can't go wrong with Apple. You cannot say this rally is based on the fundamentals. The reason SP500 is up so big is because of overvalued giants that people are fleeing into. It may or may not hold. Yes SP500 can fall and it can fall hard. Look at 2001-2013.
There are few good undervalued companies out there but they exist. Hype stocks on the other hand have a long way to fall.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
Sign in to post a comment