Stockhead’s biggest market
In January, seemingly overheated markets were already leading as the bears predicted a repeat of the 1999 com dot collapse.
Then COVID happened. People amassed toilet paper and whatever In a box. The steps were a sea of red, but not for the reason many expected.
US oil prices turned negative overnight, with oil due for delivery in May being considered to be nearly worthless.
New dollar menu from r / wallstreetbets
I just bought $ 5 worth of WTI gross and this is from r / wallstreetbets
Then came the stimulus from US Federal Reserve boss Jerome Powell.
Low stock prices meant there was good business to be had. Investors had a strong June quarter as new liquidity flooded the markets.
It was too good to be true. The punters were preparing for a second crash …
It’s sure to come … anytime now … from r / wallstreetbets
– which never really came. Thanks J Pow.
Kanye gets it from r / wallstreetbets
A new style of investor now dominated the market. In October, Reddit’s ASX_Bets community – the little brother of the investment pioneer YOLO r / wallstreetbets – reached +20,000 members.
All this submarine in a nutshell from r / ASX_Bets
Congratulations to all. Especially the legend who, a few minutes before the market closed, bought 5,000 units of Zip (ASX: Z1P) for ~ $ 36,500 – instead of $ 5,000 – and always made a practical profit.
In November, three positive vaccine developments in two weeks sent markets soaring. Again.
The all-new ASX system blew up the bed in just 24 minutes of trading.
It was an unfortunate moment. The stock market was rising at the time, up 79.1 points – or 1.23%.
Meanwhile, Tesla meme stock hit stratospheric highs before it was added to the S&P 500 Index. No thanks to Elon.
Tesla share price is too high IMO
– Elon Musk (@elonmusk) May 1, 2020
Is this one of the biggest r / wallstreetbets of all time? This guy started with ~ $ 400. Now he has almost $ 1 million.
Sure. A. You’re here. Trade.
200,000% return. 4 pre-split TSLA options purchased in summer 2019. Still pending… from r / wallstreetbets
Then, the Dow Jones index crossed 30,000 points for the first time in history as investors forecast an economic recovery, vaccine rollouts and a smooth transfer of power to the White House in 2021.
In Transylvania, COUNT STOP YOU! pic.twitter.com/HclYhpUX7M
– ActionMovieDad (@ActionMovieKid) November 5, 2020
In November, the Australian stock market had its best month in 32 years.
Although it fell to its lowest level in eight years in mid-March, the rally that followed from April to December put the market a few points from where it started. Pure madness.
So – how do we defend the markets against a pandemic? Do yourself a favor and watch this laid back explainer.
Federal Reserve vs. Covid-19 from r / wallstreetbets
Happy New Year.