Calling on Buffett to copy the bottom of the U.S. wave

category:Finance
 Calling on Buffett to copy the bottom of the U.S. wave


According to data released by Charles Schwab, 609000 new brokerage accounts based on online transactions were registered in the first quarter of 2020, of which more than 280000 were registered in March. With its convenient application interface, Robin Hood has become the favorite zero Commission trading platform of millennials in the United States. The platform now has more than 10 million accounts, mostly owned by retail investors, with an average age of 31.

Im greedy when others are afraid, and Im afraid when others are greedy. - Buffett failed to stick to his famous words in this trend, but a new generation of investors and amateur traders are rising. They use investment strategies that are not similar to the conservative buying methods of retail investors in the past, and they do not care about the analysis and guidance of the Wall Street elite. Its not so much a stock market deal as a traditional gamble.

Up against the current

Now Portnoy said: I know Warren Buffett is the God of stocks, but he has been eliminated by the stock market, now I am the main character.

According to the survey, most of these houlang investors are millennials, who have not experienced the bear market in 2008 and are heavy users of technology products and social media. They are active in the emerging trading platforms such as Robin Hood, fast in and fast out of the stock market, dismissing Wall Street research papers and Buffetts teachings.

David kostin, chief U.S. equity strategist at Goldman Sachs, collected data from Robin Hood, an online trading platform, and Robin track, a website that tracks the platforms most popular positions, and compiled a list of the most popular stocks.

Aviation and technology stocks ranked first. Although Warren Buffett as the representative of the stock market tycoons have sold off the aviation stocks in order to cut flesh and stop losses, many amateur traders went against the current, which made the aviation industry share price soar, among which American Airlines even achieved a staggering 100% increase.

New entrants to the market like Tesla, as well as technology and biotechnology industries, said Anthony denier, chief executive of Webull financial, a commission free trading platform The top five positions of Robin Hoods investors are Ford, general electric, American Airlines, Delta and Disney - all of which have been hit hard by the epidemic.

Before Hertz filed for bankruptcy on May 22, about 43000 Robin Hood accounts owned hertz. That number almost doubled in the first week of June to 73000.

There are also some unknown stocks, genius Brands International Inc., a $400 million infant and youth content brand management company, and remark Holdings Inc., a $250 million Internet media company, which have gained dozens or hundreds of times.

Beat the teacher to death with a lot of fists, said a stock recommendation from social media and short video platforms, which made money for young investors.

Ignorance or fearlessness?

How can a 20-year-old with no money make a million dollars? On June 12, Alexander E. Kearns, a college student, left the note and ended his life in a hurry.

According to media reports, Kearns committed suicide in a leveraged deal with Robin Hood. When he saw that the account had more than $730000 in arrears, it completely collapsed, the family said

Leon Cooperman, chairman and chief executive of Omega advisors, is still not optimistic about this way of trading: they are so stupid, let them trade. In my opinion, it will end in tears.

In response to various queries, Robin Hood replied: we will continue to improve the trading platform and trading methods, and seriously consider all possibilities, in order to provide consumers with the best service and experience. Andrew lapthorne, an analyst at Societe Generale, said: while Robin Hood investors are ridiculed by traditional investors, they are impeccable about the timing of their entry. After the stock market bottomed out in mid March, the platforms stock holdings rebounded significantly. After Kearns died and sighed, there were still a group of young people chopping in the stock market. When this ignorant and fearless, powerful and young force rushes into the trading market, no financial giant or economic expert can control it at will like in the past. Time goes back to May 3. Despite the doubt, Buffett still said at this years shareholders meeting that the United States should not be underestimated. In the long run, stocks will rise and the economy will recover. Source: responsible editor of times weekly: Wang Xiaowu_ NF

In response to various queries, Robin Hood replied: we will continue to improve the trading platform and trading methods, and seriously consider all possibilities, in order to provide consumers with the best service and experience. Andrew lapthorne, an analyst at Societe Generale, said: while Robin Hood investors are ridiculed by traditional investors, they are impeccable about the timing of their entry. After the stock market bottomed out in mid March, the platforms stock holdings rebounded significantly.

Time goes back to May 3. Despite the doubt, Buffett still said at this years shareholders meeting that the United States should not be underestimated. In the long run, stocks will rise and the economy will recover.