Exactly right....s$p resuming it's trip to 3000+ Keep buying! Apple to a trillion bucks Amazon to a trillion bucks
I agree.. dude missed the boat in Tech and everyone thinks he's a genius for loading up on AAPL now.. career based on perfect timing back in the 60s
He bought at the beginning of 2018, guess he saw it tanking and decided to step in and tout the stock....old goat.
Hmmmmm Why Amazon could be the next black swan for the market Lawrence McDonald | @ConvertBond Published 4 Hours AgoUpdated 2 Hours Ago Amazon appears untouchable. It's rallied 37 percent this year, outperforming the market nearly fourfold. And a stunning quarter, reported last month, prompted nearly two dozen firms to up their price targets on the e-commerce giant; a handful of those newly minted price targets place the company north of the $1 trillion threshold. But at this juncture, I suspect a black swan has taken flight. Just consider the stock's presence in so many passive vehicles. An overwhelming passive presence Amazon is a top holding in over 140 exchange-traded funds. A liquidity event for Amazon shares — perhaps triggered by issues related to the Trump administration's ordered review of the company's impact on the U.S. Postal Service — would create uncontrollable selling, in our view. Zooming in further, around 40 ETFs hold Amazon within the top 5 percent. Look out below: This is a colossal failure of common sense. A passive overdose Investors have been stuffing themselves on a Thanksgiving feast full of technology stocks. Today, tech sector equities comprise nearly 30 percent of all large-cap mutual fund portfolios; this is an accident waiting to happen. This represents the largest "overweight" relative to traditional benchmarks, relative to other large-cap sectors, in two decades. This represents, too, nothing more than a passive overdose on big tech, setting up large downside risk. This development causes me to hearken back a decade. Of course, who could possibly forget the great gorging on the financial sector heading into the crisis? Leading into 2007, banks and insurance companies comprised nearly 24 percent of the S&P 500. Today, the tech sector's large market weighing puts it up near 26 percent of the market's total capitalization.