Could mark a big market top. Such a "monumental event" thingy has happened before. Remember AOL & Time Warner? FWIW...
That's part of the dynamic. When the world gets over its love affair with Tesla (not-all-that-great quality cars, not all that cost-efficient to run them*, not all that great environmentally beneficial, not all that great value for what they cost... and at sky-high valuation/price of the stock)... lots of room on the downside. (I understand... "0-60 in <3 seconds" has its appeal.) * Saw a story just today where the cost of "juicing up" at a Tesla Supercharger station is greater than the cost of petrol to run a BMW 335i for the same number of miles
Yes. Starting Dec. 21. Would be good to have some volatility especially if the b**** wants to levy a transaction tax.
We won't have an actual top, as opposed to a pause/dip, until markets fear the Fed will tighten policy. Large cap indices are fixing to get marked up to 50x-100x pre-pandemic PEs (earnings yield of 1-2%). And once that happens, "growth" and story stocks like TSLA will probably accelerate even further since there's obviously no point bidding up a no-growth defensive stock priced at 100x earnings. Lots of people have called "the biggest bubble of all time" but they invariably under-estimate just how big it can get...
Everyone knows it's a bubble but people were calling it already 2014... I am certainly no better. The fact I feel comfortable going long now is worrying though
Not just the hint of Fed tightening, but well into the cycle of hiking. 2013's taper tantrum was an amazing year for equities.