Markets Move- My Thoughts

In another day on the street and the cryptocurrency markets the markets tanked once again. The NASDAQ S&P 500 and the cryptocurrency markets fell once again the S&P 500 is still hovering right around 4,000 which means that I could go either way and it does not put me at ease and after the NASDAQ has fallen 25% this year I am definitely cautious.

News of the Luna cryptocurrency implosion and the stablecoin problem permeated into Wall Street and the cryptocurrency markets and contributed to yet another down day. I'm glad I wasn't in Luna and I'm very sorry to anyone who was. speaking from a place of experience I have had losses in the investing world before and I understand how devastating it can be.

Cryptocurrency stocks and including coinbase tanked in this presented a major problem to the industry as a whole. The P/E ratio of coinbase is now around 5 which means it could be a value proposition but at this time I'm a bit skeptical. The news that in the event of a bankruptcy all the cryptocurrency on coinbase could be used to liquidate made investors very uncomfortable.

I dipped into this market today but I'm going to be holding back more investment the main reason for this is that downside is just immediately apparent. they're definitely some bargains or potential bargains in a large indices I'm staying away from more speculative stocks as I don't want to be underwater for a long period of time.

At this time the markets all look like gambling I would highly recommend holding back on any major investments at this time I am slowly dipping in as the dips accentuate but to a small degree I see a potential recovery later in the year but it's really hard to tell and it's more akin as I mentioned before to gambling. best of luck out there no matter where you want to invest cryptocurrency stock markets real estate it all looks really inflated and overdue for correction.

Stock movements and signals
https://www.google.com/amp/s/www.marketwatch.com/amp/story/when-is-it-safe-to-start-buying-stocks-again-were-not-there-yet-but-these-are-the-six-signs-to-look-for-11652297223

Luna cryptocurrency saga
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/crypto-luna-ust-stablecoin-171635226.html

Pixabay

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