Billionaire investor Jim Mellon: Sharp sell-off in US stocks is the start of a 'very major correction' Natasha Turak | @NatashaTurak Published 7 Hours AgoUpdated 5 Hours AgoCNBC.com A market correction is inevitable even without trade war fears, billionaire investor Jim Mellon told CNBC's "Worldwide Exchange" on Tuesday. Mellon is not alone in suggesting that today's stock market is the most overvalued on record — more so than in 1929, 2000 and 2007. Tuesday looks set to be a rough day for stocks, with the Dow Jones and S&P 500 indexes at risk of losing the majority of their June gains at the open. https://www.cnbc.com/2018/06/19/jim...f-in-us-stocks-start-of-major-correction.html
A complete circle jerk, a whole lot of nothing. Squirts up and down with no follow thru. Lets all guess what direction it will squirt tonight.
About half of the move back for S&P was already banked before the 9:30am open and the Dow is closing right about where it was at the open and still -1.3% or so down from yesterday. "Nothing to sneeze at".
Amazon defying gravity....zero risk....at the rate it's moving It would be worth 1.3 trillion plus by Xmas This stock is priced to perfection, any error and there goes amazon and the Nasdaq! Netflix reminds me of AOL back in 1998-2000.....AOL ran wild on nothing but new accounts...that's the only reason why Netflix is running rampant with a PE thats in the stratosphere...once subscription slows this stock is going to collapse!
Its lunch time on the east coast and you guessed it....The NAZ and SP at session highs....Same thing over and over people.
All because of a few stocks... Amazon Netflix Fb Rinse and repeat ...these stocks can't carry the Nasdaq forever as each of these stocks are priced for perfection!!!