Market likes cycles. Time is paintig the same story like in 2000. 20 Years after, October 2020 when we touch 10666 it will be the top of the cycle. Next longtherm target is around 2800 points. It is historical and technical possible, the question is only about FED. It will happen when they decide to let it happen.
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SELL SIGNAL HIT: 10666 08.07.2020 10:30 GMT.
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SL:10700, TP1: 10000
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SL HIT. Next try, SELL: 11166, SL: 11266. We will see what happen next.
This isn't like 2k. In 2k companies weren't making a profit. It took several years for profit projections to be realized. I'm not saying the nas cant drop out, but to say we're going to 2800 in the Nas isn't realistic considering AAPL has 125/share in cash. In 2k AAPL was going bankrupt. AMZN wasn't making 1/1000 of what it makes today.
UnknownUnicorn1547977
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@tor0002, It is only the question what FED and IMF will do.
If they decide to inflate the markets, they will.
If they decide to bring them down, they will.
Nobody cares about earning, companies, profits, loses and people.
If they can print money from air, what matters?
washguy
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@mateusz7kowalski, profits matters...
gata9aigata9ai
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Wrong. So wrong.I began injecting dry powder into TQQQ mid-March and have made a killing. I also made a killing on the way down from TVIX. I've been dollar-cost averaging into TQQQ since 2011 so I'm long on Big Tech. I have never sold any of my TQQQ and don't plan to until the Nasdaq hits 20,000 ( which is going to happen within 2-3 years ). The reason I'm so confident in TQQQ & FNGU is that we are moving to a Ready Player One society controlled by a few centralized Big Tech companies. How do I know this? I'm a software engineer that hires engineers all around the world. It is literally impossible to hire "good" engineers if you are not a FAANG company. Why? Because Big Tech pays on average 500k/yr to engs. Big Tech companies have created an intentional global talent shortage to block all competition. Why? Facebook made the mistake of rejecting Brian Acton back in 2015. Brian Acton, angry, went back to his parent's basement where he was living and created WhatsApp. Facebook ended up having to pay Brian Acton $19 billion dollars for WhatsApp. From that point on, Facebook & other tech companies adopted a new policy: "Hire all talented engineers & pay them extremely well so we don't have another $19 billion dollar Brian Acton mistake". When you control the engineering talent, you control the world. Engineering talent is the new GOLD. This is not like the DOT COM bubble when tech was still the Wild West. The big players have been established and now have monopolies on global engineering talent. Any competitors, they just buy out. On top of all that, Big Tech companies make up over 50% of many pensions funds. The FED literally has no choice but to keep Big Tech propped up to protect retiree pensions. We would have a massive mess on our hands if pensions collapsed. Combine this with euphoric investor psychology that is starting to brew around the only "COVID-19 proof" companies and you have the perfect recipe for a tulip mania, the likes of which we have never seen before. Nasdaq could go to 50k within 5 years.
Huleo
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@gata9aigata9ai, All legit points ,but you have not calculated the Governments.They need money desperately and TECH has got away with paying next to nothing for years.Also the call to break them up.Happened to big oil in the 1900 s and it will happen to Tech if they get to big.If Tulips got that expensive ,why not Nasdaq ,its the only analyses you are making.And you are right in that sense