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  • AvatarJohn bohannon
    Participant
    Post count: 4

    Just wanted to get your thoughts on Home Depot stock. It is up to 291 a share and seems to just keep climbing. I work at a home depot as a part time gig and seeing our sales data since april my store is up an average of over 22.6% of our sales plan. Just wanted to get your thoughts. I know a few months ago i was researching a saw it was projected at 200 per share and thought that was nuts and here we are at almost 300 and im kicking myself 🙂

    Sean HymanSean Hyman
    Keymaster
    Post count: 3448

    Home Depot, like most stocks right now are in a dangerous bubble. So, if you enter, you’re gambling. You’re not investing.

    Bubbles cause stock prices to outrun the most optimistic scenarios that the company could do, earnings wise. It will come crumbling down.

    Go back and check out my videos on bubbles, especially the one in 2000 because we’re living through that again.

    That itchiness that you feel to jump in, because of a “fear of missing out” is what’s driving the bubble. Yet it eventually pops and leaves a ton of carnage for those led by greed and that got sucked into it. When it crashes, it devastates a ton of people and their financial accounts.

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    AvatarJohn bohannon
    Participant
    Post count: 4

    Thanks sean 🙂

    Sean HymanSean Hyman
    Moderator
    Post count: 2797

    You’re welcome. I’m sure you can see why so many people get sucked into buying in toppy phases of the market. It’s the emotion of waves 5 and B.

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