The cannabis bubble is in a full-blown bear market. It risks lasting about 1 more year or more (see dotcom and crypto). The dotcom bubble was in a bear market for 3 years after collapsing.
Most of these cannabis stocks will bottom out over the next several months with big names like NYSE:CGC, NYSE:ACB,
CRON
and many more to reach lows see before the bull market started. Such is the nature of bubbles. Only once we've seen a solid flat bottom will it be safe to start longing again.
That being said, theres a possible short term retrace setting up, but it will be short-lived and the bear market will continue into 2020.
Most of these cannabis stocks will bottom out over the next several months with big names like NYSE:CGC, NYSE:ACB,
CRON
and many more to reach lows see before the bull market started. Such is the nature of bubbles. Only once we've seen a solid flat bottom will it be safe to start longing again. That being said, theres a possible short term retrace setting up, but it will be short-lived and the bear market will continue into 2020.
