hoosierdaddyof3
2 years ago
I just read 43% of the companies in the Russell 2000 are LOSING money, 43%! Yeah, I get it, itโs a growth fund. Why would anyone have their money in something like this when thereโs not going to be growth, (retreating) as forecasted. Oh, also says it still trading @ a p/e of 66. Dump the Russell 2000!
hoosierdaddyof3
3 years ago
Walmart is down 10% in late trading, lowering it profit forcast, for next year. I canโt help but wonder what the Russell 2000 will do when everyone findโs that 30-40% of their companies werenโt profitable, in the good times, of this past year! I believe the repricing of risk starts now. GLTA, all my humble opinion, of course. Please, form your own opinion.
hoosierdaddyof3
3 years ago
โYou want to own great American companies, not junk!โ Jim Cramer
I believe, we are helping to get rid of some โjunkโ! RUT is under 2,000, will it make triple digits, only losing half itโs value, from here on out?
hoosierdaddyof3
3 years ago
After doing much research, last night, I found 36% of the Russell 2000, are not making a profit, as of December 31. Now, donโt take my word for it, do your own research and form your own opinion. Wow, only 64% of companies in the Russell 2000 are profitable! Why would anyone have their $$$ in a fund like that? Especially, with whatโs currently going on.
hoosierdaddyof3
3 years ago
Russell 2000 is trading at a P/E of 642, the next most expensive index is the Nasdaq 100 at a P/E of 35. I donโt think I want to be invested in something so overpriced, something thatโs twice as expensive as Tesla. I would be curious to know, with over 2000 stocks, how many are making a profit? Canโt be many, with a 642 P/E.
I think Iโll short it, until my last dime! Especially, with the tides a turning.