Bonta
2024-01-21
New tech is always attractive and have chance of fast & big gains. However, the issue with new tech like ai is that first movers may not be the eventual winners. Eg like yahoo, webcrawler, nokia. Just declaring a iphone like event, doesnt mean that current leaders will be eventual leaders. That’s the risk for early movers. An upstart company like PDD to alibaba, will upset the dynamics. I have been seeing more and more analysts say to bet on ai to be millionaires, i feel that its irresponsible to hype it so much. Markets tend to overchase the trend at the moment then suddenly regret it, then build up again. It isnt a straight line up to infinity & beyond and fly to the moon. That’s the concern i have with chasing the trend, & that’s y i will only enter after a meaningful correction if i believe in the company. Just look at the run up in tesla. Those who enter and exit early makes big bucks. Those who enter late and didnt manage to exit will grind their teeth. High risk high gain.
2024 Outlook: How Will Story Unfold?
With the end of the year approaching, major institutions begin to provide outlook for US stock market in 2024. How do institutions expect for 2024? Will the bull market continue? How about expectations for inflations and rate hike? What's your attitude: Cautious or Bold?
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Comments

  • mizzmo
    2024-01-25
    mizzmo
    Agreed, trends can be a rollercoaster! 🎢
  • AllenBartlett
    2024-01-25
    AllenBartlett
    I'm with you, high risk indeed! 🚀
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