The Market Came Roaring Back
- The Money Trade
- Dec 18, 2020
- 2 min read
The market came roaring back yesterday, which my portfolio did good. It's Christmas season and consumers spend an astronomical amount of money this time of year. It's typical for business to slow down after Christmas considering people have reached their spending limit. It's winter time so most places slow down anyway. It's just business.
All three major indexes are up with the Dow trading over 30,000 shares, and NASDAQ is up .83%. Most Tech stock can be found in the NASDAQ index. DoorDash continue to slide as it should. They have too much competition to debut with those type of prices. Even if the price continue to slide I still don't have faith this company will be profitable in the near future. I bought and sold it the very next morning before prices started sliding. They're going have to do more than just deliver food to make a difference. Here at CGEI I try to simplify the market so my members can understand clearly. If you have any questions just ask! Industry language is very confusing in the beginning. It will come a time people who follow this movement will have to understand some industry language. All industries in this world has a certain language. Salesforce (CRM) will continue to grow, and it has been on this pattern since it's inception to the market. Salesforce is currently on my watchlist, and I do plan to add it to my portfolio. GE is starting to have some life, which is currently in my E-trade portfolio. It's a value stock so I would imagine it would have some say-so in the future considering the world will be using other sources of energy besides oil. Speaking of oil, stocks are down all across the board so shares are very affordable at this point.
I post blogs once a day about the latest stock trends in the market. Join CGEI for the upcoming 5 Point Challenge, it will be motivating and will help get folk's into the right mindset of Investing.
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