The Nasdaq 100 is in the midst of a bullish "melt up"
a short covering,throw everything at the wall bull rally for the ages
where a V bottom rally to 10000
has now continued past that ceiling, and beyond and beyond.
Every day is a new record high in NDX in July 2020
The market for the 5 mega cap technology stocks
currently has a quad trillion dollar market value,
and its growing exponentially, over the rest of the market each day.
Amazon,Apple,Google, Netflix,and Facebook.
The chosen ones.
Expectations are that these stocks will crush, crush, and crush earnings,later this month
The market has already bid up, and then discounted that news like 10 times over at least.
Let me put it this way.
Trees,or tulip bulbs do not usually grow to Mars,.. and survive.
There is something very wrong with this picture
Valuations that are this historically high do not grow infinitely to the deepest reaches of outer space.
I don't know about you, but for me, this is all a catastrophic accident waiting to happen.
A micro crash is coming to Nasdaq 100
It will take the overall market down with it as well.
To me It's the only possible way this can all end.
When other unfortunates who bought into this NDX mania
are jumping out of buildings in the city,at the prick of their balloon alas.
You could be on a desert island in the French quarter using the proceeds from your Nasdaq 100 Short SQQQ ETF
to retire in sun drenched paradise,drinking Perrier water from mother earth.
As Michael Douglas put it in" Wall Street, 'greed is good."
THE_UNWIND
7/12/20
NEW YORK
a short covering,throw everything at the wall bull rally for the ages
where a V bottom rally to 10000
has now continued past that ceiling, and beyond and beyond.
Every day is a new record high in NDX in July 2020
The market for the 5 mega cap technology stocks
currently has a quad trillion dollar market value,
and its growing exponentially, over the rest of the market each day.
Amazon,Apple,Google, Netflix,and Facebook.
The chosen ones.
Expectations are that these stocks will crush, crush, and crush earnings,later this month
The market has already bid up, and then discounted that news like 10 times over at least.
Let me put it this way.
Trees,or tulip bulbs do not usually grow to Mars,.. and survive.
There is something very wrong with this picture
Valuations that are this historically high do not grow infinitely to the deepest reaches of outer space.
I don't know about you, but for me, this is all a catastrophic accident waiting to happen.
A micro crash is coming to Nasdaq 100
It will take the overall market down with it as well.
To me It's the only possible way this can all end.
When other unfortunates who bought into this NDX mania
are jumping out of buildings in the city,at the prick of their balloon alas.
You could be on a desert island in the French quarter using the proceeds from your Nasdaq 100 Short SQQQ ETF
to retire in sun drenched paradise,drinking Perrier water from mother earth.
As Michael Douglas put it in" Wall Street, 'greed is good."
THE_UNWIND
7/12/20
NEW YORK