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I feel like shorting nasdaq. What should I do? (sh.itjust.works)

submitted 1 year ago by someacnt@sh.itjust.works to c/personalfinance@lemmy.ml

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I guess I can introduce stop-loss and other cautionary measures to prevent snowballing loss, but shorting is shorting.. Wonder if I could resist the urge.

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[–] someacnt@sh.itjust.works [S] 1 point 1 year ago (1 child)

Covid was a black swan event, so no one envisioned both the lockdown and Fed intervention. There is no way it was priced in.

On the other hand, Fed lowering rates has already been talked about for years. High probability it was priced in.

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[–] HubertManne@piefed.social 2 points 11 months ago

I actually think covid short circuited a correction that was overdue. Covid provided an excuse for irrational exuberance along with the stimulus.

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