You're pretty much echoing what I've said above, namely the market will reverse, so what exactly is your point? Or maybe you don't like me trashing moving averages, or your all-time favorite, VWAP. Isn't that right, ya pussy?
On the subject of dumb money (passive funds) as mentioned earlier, I actually do see some headlines on retail savers who wants to stop investing in certain companies (Tesla, etc.) or even the US altogether. Probably insignificant, though.
Did you read the Swedish Billionaire hedge fund owner predicting a +60% collapse? His logic was sound. https://www.teslarati.com/tesla-95-percent-crash-risk-billionaire-hedge-fund-manager/
I read that and this song started playing in my head lol Also I have got to stop posting to ET while drinking. Queen - Fat Bottomed Girls (Official Video)
tesla is a monopoly in ev, not going away. if price is below 300 year end, i can collect a model 3 but my wife likes taycan better. i placed few calls to auto importers to see how i can get a xiaomi su-7 stateside.
? You mean in the US? 50% EV market share and going down About 10% in Europe and tanking 7% in China, until they decide to just shut him down to zero IMHO, Tesla is now a meme stock
Tweets/Speech like this is a short sellers dream! I like to read a couple of quant forums for their witty market talk. Interesting how Elon has become hated by the kids from previously loved and respected.