Just wait till deli’s accounce AI deals and run 10 fold . Wall streets engaged in its master plan to prevent a total washout of the mkt . They’ve laid the foundation for the hype train . Were already seeing “ NVDA could run 10 fold to a $6 trillion cap .
Same hype in China stock market, as suddenly, every company, even those making ice-cream or selling wine, claimed that they already got AI technology or developing it.
%% Sure could; since its well past valley to peak of $7to $77.Partial disclosure i prefer trend study to any ''hype'' theory. Some did some shorts in 1999, so be sure to keep us posted[Edit; i prefer an inverse or short sector with proven weakness \ YTD like CVX sector, more than any hype theory on proven strength sector]
Think about it . All we’ve heard for much of the last 30 yrs is “ rates are too low there’s nowhere but the mkt to put your money”. Yet here we are with some of the highest cd rates in 25 yrs and the mkts p/e is still near 20 with flat earnings . We had zero compression of p/e’s even though safe money can get 5% with total liquidity. Means the love of stks still strong . Wall Street needed a new excitement story thus you got AI . Let’s see if it works .
%% LOOKS like today, as of lunch, many are \ selling SPY\LOL and or buying inverse SPY ..... ETFs Change bad news in to good news, like Bill gates says. As far as long term US stocks /good 200+ year/ uptrend, with or without ''hype''. As far as today . barchart .com rates SPXS is rated a 88% sell; 12% buy rating on SPXS looks like better buy; not in that as of now,11:40 CST. [Edit\ if you saw that downdip coming,Sunday, good eyesight \LOL]
Need I say more . Nvda up $70 after hrs on huge AI forecast reiterates what i said . It’s like the 90’s . I’ve been trading 100% from the long side for months . Total es lose of day almost erased