The Markets Do be Going Down

BTC is at $36k and ETH is at $2.3k



My Wealthfront is down 6%



Nasdaq is down even more... high growth areas are down 40-50% in the last couple months. Things are trading even lower than pre-COVID.



The emotional retail investor in me is WAILING.

I mean, the Fed was hiking rates, companies were trading at 40x+ revenues, startups were getting valuations in the triple digit multiples (and still are...) on FORWARD revenues. Like duh this was going to happen.



The rational investor in me is not worried... but wonders if this is a worthy “correction” or "normalization.

Like is it fundamentally motivated? Was it just gambling to the power of gambling that blew it all up with no good reasons? I don't think so.



Valuations started going up due to some pretty valid reasons.

• Rise of remote / need to go global, and fast

• Everyone going digital

• Retail trading skyrocketing

• Stimulus checks

• People spending a lot of money online



So basically I can't predict the future but higher multiples and valuations could be the new norm, things might not necessarily “correct” to what was “normal” pre-COVID.

• Invest in what you understand to make YOU feel better if shit hits the fan.

• Internet, crypto, software all here to stay and grow.

• Everyone is still on their phones and there is still a lot of room for innovation and even further growth.