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Comments by "" (@mrpmj00) on "Tom Lee on his market outlook" video.
I bought Alteryx (AYX) today. TRUST THE PROCESS. The stock market goes up in the long term because it takes 2 steps forward for every 1 step backward. Cash is trash, it loses to inflation. 100% sure that the market will go up. Think about it, who would lend out their money and accept risk yet not get a return? If the Fed had not stepped in, then every investor would rather keep their money and not lend it out, which would crash the country and we'd have 100% unemployment. There's a lot of money on the sidelines, including new 401K money
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lmao, These hedge guys or people who missed out are trying to get us retail investors to sell so they can swoop in and buy for cheap. NO, I'm NOT selling! The longer those who choose to stay on the sidelines will pay even higher a year from now. I bought Facebook, Microsoft, Apple, Google, Adobe, Wells Fargo, Twitter.
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Years ago only wealthy people in a few countries bought stocks. now people from all over the world have money to invest. Add all the pension plans and sovereign wealth funds and it would appear stocks will only rise over the long term. Money can`t stay under the mattress and equities are the logical place to invest. I bought Facebook, Microsoft, Apple, Google, Adobe, Wells Fargo, Twitter, Alteryx
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@davidb7508 The last time AYX was $100 was 4/27 which is almost at the bottom of this year's March crash. I doubt it will go that low but who knows. All I can say is that it's the market leader so they always bounce back and go higher.
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@ph_hacker_d Yep, all the stimulus money in 2008 eventually ended up in the NASDAQ. And in 2020 there's even more money that will eventually end up in the NASDAQ.
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