I will never understand why allow decent gains turn into full-blown loser trades. Oh well, it's my problem. Trade On!
It's quite obvious to me that summer correction is very close, USD looks to me like about to bounce too, crude at 70, some tech stocks like TSLA & AMZN have to adjust. Check out USDCAD. Looks great, but I may be totally misreading situation & may get shafted.
There was no correction in the summer of 2020. It was in the late winter, and the market had recovered fully by the summer. Nasdaq had a correction already this year. Why do you think another one is coming so soon?
Didn't I explain it? When you have the likes of TSLA being valued x4 Google you don't think this calls for price adjustment? They don't own the EV market. Also I don't believe there was a correction, not proper one.
Two points... 1. Google is at 1.5 TRILLION market cap. Tesla is 590 Billion market cap. So how is Tesla "valued" higher than Alphabet? Guess I never understood that bit about stocks. 2. Tesla is -13% over the last month. That's the general definition of a correction. No? I never understood that bit either. Fine. When the Nasdaq crashes 80%, which so many people in the world want it to do, you will finally call it the past-due "correction" it obviously deserves. I so fucking hate bears.
Haha, I'm not chronically calling for EOW. Forget market cap, look at PE ratio. Google around 30 & Tesla 135=x4 Google valuation. Google does amazing AI & Tesla makes EVs & doesn't have much advantage over competitors, losing MS.