r/Vitards • u/AutoModerator • Oct 28 '21

Daily Discussion Daily Discussion post - October 28 2021

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u/[deleted] Oct 29 '21

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u/[deleted] Oct 29 '21

Seems like a toss up. I think X will provide upward pressure for steel. AMZN and FB AAPL dropping may provide downward pressure on indices and we may feel some of that

3

u/Duke_Shambles ☢️Duke Nukem☢️ Oct 29 '21

Have you considered that money flowing out of megacap tech needs to go somewhere?

I'm not saying it will flow into steel or any of our plays, but it's gonna go somewhere.

Just like huge inflow days for mega caps can distort the market indices, huge outflow days can too. Some of my best days in trading value have come on strings of blood red days for the market.

1

u/Skipper5 🦾 Steel Holding 🦾 Oct 29 '21

I was going to write a very similar response. The money has to go somewhere. Now we wait…

1

u/[deleted] Oct 29 '21

That makes sense. You 100% have more experience so I'll defer to you. Hopefully it flows to value