Green everywhere..... Keep the bubble inflated. Another SPAC etf. Bubble times are here again. Spac is proving just that. Wait until this casino mentality comes to a grinding halt. Whewwwwww. Major collapses everywhere after the music goes silent.
The S&P 500 is currently trading at 22.8 times forward earnings, near levels during the 2000 dotcom bubble, according to FactSet. The broad equity benchmark is also 16% above the 200-day moving average, twice the normal levels even in bull markets. The peak of the S&P 500 forward price-earnings ratio over the past 20 years is 23.4, reached at the height of the dot-com bubble on September 1, 2000.
Was shopping at Kroger's today in Dallas Tx. The sacker and the checker clerk were talking about tech stocks. The checker just opened a Robinhood account. Planned to quit his job as soon as he can build up his account.
Ohh bewdy, more robinhooders, market has more legs. New money is rocket fuel. It's the old money running out of honey which is the problem.
Hahaha....I can't stop laughing. Talking about tech stocks? This can't be real. Please say this is a joke? I know numerous people who have opened up accounts and are ready to start trading. I'm telling you the dot com era is back. Rally could go on for years however the collapse will be a repeat of all past bubble stages. This one could even be more since the value of all markets now has exceeding the most gigantic asset bubble the world has ever seen . Remember all markets around the world are now valued at over $100 trillion!!!!!!
This is from a month ago. So figure a few trillion added on to this number since...... Global stock market cap hits $100 trillion ANALYSIS | Published Dec 08, 2020 10:06 (+00:00)
China and other markets have outperformed the s&p lately. I'm long AAPL and cannabis stocks along with inverses as a hedge. Still patiently waiting for a strong correction. Futs down a bit, if tomorrow drops hard I'll scale back into inverses.... if strong up I'll buy AAPL and cannabis eg CGC TLRY Earnings coming up, anything <20% type beats with breadth and markets will tank. When not if this bubble pops the drop will be breathtaking.