Dont fall for the “ compelling valuation “ nonsense

Dont fall for the “ compelling valuation” nonsense. You will hear cnbc and other so called pro’s claim that stocks are great buys and valuations are cheap.. bullshit. Stocks can fall to unbelievably low levels.

 

Even today there were sell side analysts saying that the QQQ was a good buy today since it was down 10%. And that was when the QQQ was up 2% before the collapse.

And now you got Netflix down 20% after hours. It doesn't look good for tomorrow either.

 

I think PPG may be getting taken to the wood shed after hours as well.

 

@brightside

Kindly refrain from starting new threads that simply revolve on your generally bearish theme. We get it.

 

A few bubbles have started to let out some air - the down side potential is still enormous.

 

I Sincerely apologize xandman. I almost feel as if certain guys such as yourself need to be educated.

 

All that matters is price action.

Talking heads are entertaining morons.

 

Tomorrow is almost certainly going to be a MASSACRE. Brace for more pain, lots of it....

 

Ditto! Price TA. KISS, baby.

EVERYTHING that is known, hoped for, anticipated, feared... is priced into the chart.

 

Its only going to get worse. We barely gave back only 4 months of gains.