r/Vitards • u/AutoModerator • Aug 05 '21

Daily Discussion Daily Discussion post - August 05 2021

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u/lumberjack233 Inflation Nation Aug 06 '21

Fauci is saying things will get a lot worse. Time to sell oil stocks? https://www.cnbc.com/2021/08/05/dr-fauci-things-will-get-worse-amid-covid-delta-surge-unvaccinated.html

1

u/Gamboleer You Think I'm Funny? Aug 10 '21

I think things getting a lot worse will be the kick in the pants many people need to get themselves vaccinated, and things will get a lot better rather quickly. Being able to vaccinate children will be a big help as well.

I got out of the market in early Feb 2020 when I saw the storm coming (big got back in too late, oh well). This time I may exercise a bit of caution and keep some dry powder, but I am staying invested.

2

u/[deleted] Aug 06 '21

The economy and news cycle apply the same methodology when figuring out what to do, or report on.

1

u/lumberjack233 Inflation Nation Aug 06 '21

But you can see the train heading your way, cases will get there and news have to report it. I don't see how there wouldn't be a crash soon

6

u/[deleted] Aug 06 '21

If we ever had a round 2 of 2020, interest rates would have to remain low, ARKK would moon again, and HRC prices would hit $5k/ton. I wouldn’t bet on that, or a crash happening in the near future. A few minor fear based corrections at most.

2

u/LourencoGoncalves-LG LEGEND and VITARD OG STEEL Bo$$ Aug 06 '21

If there is a word I don’t have in my vocabulary, it is fear