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Hello, this is Rich Oppa. When I woke up this morning, I saw that all three major stock markets had rebounded. Oh, this is a disaster. Yesterday, when the market was falling early in the session, I clearly told you that we need a tedious correction and decline so that competitors will drop out, allowing us to get rich faster.
But if it rises again so quickly like this, won't people get their hopes up? It would actually be in our best interest if those who can't invest long-term just dropped out early. However, by rebounding like this, half-baked investors haven't left the market. From our perspective, this is n't exactly pleasant news.
TQ rose another 3.3% in just one day yesterday, and Soksuhyeol went up 8.5%. Now, if this happens, we will have to pay much higher prices to buy these good stocks in the future. We haven't seen much volume yet, but it suddenly goes up—that is certainly not pleasant news for long-term investors. I am someone who rarely does market analysis because it's a hassle, but there is one thing I do keep an eye on a little bit: the fear zone.
Since human psychology plays a significant role in the stock market, it does n't rise well when everyone is hopeful; it only starts to rise when everyone gives up or thinks there is no hope. We experienced that last year, didn't we? But looking at the current situation, it is in a greed zone. It is currently in the market.
It means that many people are still viewing the market too optimistically. I do not think it is a particularly good time to buy stocks. It is much more profitable to buy later, when stock prices have completely crashed and entered at least a panic zone or a zone of extreme panic. Therefore, I do not see any need to actively buy right now.
Personally, I think it would be much more reassuring in the long run to just stretch out and hold a fixed amount of cash to prepare for a decline. Of course, I have no money because all my spare cash went into last year's bear market. I am in a situation where I cannot buy right now because I have cash, but since I suffered last year, I am just enjoying the moment with ease.
If it crashes and turns negative, I can just buy again, and if it keeps going up, well, making money is good, so I am just thinking like this with complete carefree peace of mind. There is absolutely no reason to get stressed while trading stocks. So, why did it rise yesterday? As you will see if you look up the articles, most media outlets are saying that tech stocks are showing strength due to the surge in Nvidia.
Then, why did Nvidia rise? Recently, Morgan Stanley suggested a target price of $500 for Nvidia, and [ buy] I expressed my opinion. Especially in the data center and AI fields, NVIDIA's GPUs practically monopolize the market, so their future growth potential is limitless. AMD and Intel are competitors, but in reality, their main focus is CPUs, not GPUs.
There is quite a technological gap, and it is by no means easy to smash the influence NVIDIA has built up over decades. This is absolutely not something that can be changed overnight. If you think, "Wow, look at the stock price rising because Stanley Morgan and Stanford say NVIDIA is good. That is why you have to listen to the experts," you are mistaken again.
You likely profited last year. What did I say? As recently as last September, I predicted the S&P 500 could plummet to 3,000. But what happened? The S&P 500 is currently at 4,489 points, and looking at the chart over the past year, the 52-week low was 3,491 points. The high was a whopping 4,600 points.
In short, they were completely off the mark. No matter how sharp Stanley is, they cannot dare to predict stock prices. I mean. They say don't trust YouTube, and don't trust the experts either. So who should you trust when investing? Naturally, you should trust the statistics. While it is impossible to predict stock prices, predicting their direction over the long term is not difficult.
Good companies definitely trend upward in the long run. That is why I emphasize long-term investment in blue-chip stocks—because it is the most certain way. Yesterday, I played games until dawn, but since it is a public holiday today and I have to go out to have fun, I will wrap up this video briefly here.
Now, you do n't have to worry about breakfast. That is because I am investing in the world's best stocks. All I have to do is hold them for a long time. Staring at the stock market screen day after day just makes time pass, so just having fun is the best. Time will fly by while you play, and if time goes by fast, there won't be a moment to be bored, so the probability of success will increase. I invest based on statistics. So, I will wrap up the video. Thank you.
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