Quote:
Originally Posted by snowie963
Like the meme stocks and high growth stocks? I hope Bitcoin isn’t going to affect most spy stocks, that would be not good
All valuations are stretched imo. Lots of excess speculation. in the last week the crypto moves correlated with the stonks. The value of spy is totally irrelevant to crypto in the long run but this is the trading thread. IMO there could be some short term correlation/risk. Considering crypto is on the verge of melting down and liquidating moon boys, I think it adds a bit of short term risk in stocks, which already have elevated risk
That was wordy but hopefully my opinion makes some sort of sense