People celebrate small gains in deeply negative stocks, Chris Perruna notes

People celebrate small gains in deeply negative stocks, Chris Perruna notes
Stockholders celebrate small gains after losses

Chris Perruna, a senior vice president and self-employed specialist whose biography can be found here, commented on social media users celebrating stock recoveries despite being significantly down year-to-date. Perruna described these individuals as those owning stocks that are down 40 percent since the beginning of the year but who celebrate slight rebounds from lows of negative 50 percent. He referred to this as "the broke leading the clueless."

Perruna previously reviewed his portfolio after selling four stocks in November, reporting steep losses in Home Depot and Netflix and modest gains in JPMorgan, according to an earlier analysis. He has also described Uber as the laggard among his long-term holdings, especially compared to technology names such as Apple and Nvidia, as noted in another recent review. These assessments reflect a detailed ongoing evaluation of individual stock performance.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.