(Total Views: 401)
Posted On: 02/27/2020 10:45:44 AM
Post# of 155036
Re: Evil Rabbit #19555
(Not just a reply to you or fortuno, evil)
I tend to discount today's price action as having much to do with the way the "market" views CYDY.
I expect some selling here is due to people who are (rightly) concerned with the broader market and may be looking to reallocate their portfolio into cash.
Most people (other than me!) don't own just one investment and don't make investment decisions in a vacuum.
To that end, I always expected CYDY to be loosely correlated with action in the broader market.
Volume today is too low (IMO) to give us any indication that the market is selling CYDY specifically.
I view this more of a transition to "risk off" for some people who might want extra cash around for the unknown, potentially rocky financial future.
I think we're still very good here, but it might be bumpy for a bit.
Just my two cents.
I tend to discount today's price action as having much to do with the way the "market" views CYDY.
I expect some selling here is due to people who are (rightly) concerned with the broader market and may be looking to reallocate their portfolio into cash.
Most people (other than me!) don't own just one investment and don't make investment decisions in a vacuum.
To that end, I always expected CYDY to be loosely correlated with action in the broader market.
Volume today is too low (IMO) to give us any indication that the market is selling CYDY specifically.
I view this more of a transition to "risk off" for some people who might want extra cash around for the unknown, potentially rocky financial future.
I think we're still very good here, but it might be bumpy for a bit.
Just my two cents.
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