As a follow up on yesterday’s IPO blog post of mine, today Recode was out with a story that $SLACK and $AIRBNB might do direct listings. The groundwork/roadmap from Spotify’s genius CFO has been laid.
It sure does feel like the era of the BTFD (Buy the F**king Dip) is behind us.
The HODLR’s have been destroyed in crypto and the FAANGS have now lost $1 trillion in value.
Today just FIVE stocks hit all-time highs and three were utility stocks. Gold bulls have emerged from the darkness as they always do when the markets correct.
Now comes patience.
If a bear market is at hand, we have been warned by the price action.
Stocks act much differently in bear markets. Even small positions can quickly turn into huge unrealized losses. Your conviction will get tested in even your best ideas.
Today’s Momentum Monday episode covers all of this and more as Ivanhoff and I look to find the next leaders. Here is today’s episode:
As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.
PS – Stocktwits launched a great Room for offering your best ideas for 2019. There will be thousands of people’s best ideas shared over the next month and it’s easy to participate and also skim.
Also published on Medium.