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phantom_market
Jul 15, 2020 10:19 AM

Nasdaq bubble 2.0 Short

US 100 IndexTVC

Description

This Monday's sharp downward move may have marked the beginning of the end of this market bubble.
Look at the ridiculous jump in S&P 500 P/E ratio and other figures in the link below published 2 days ago.
reuters.com/article/us-health-coronavirus-federalreserve-mar/federal-reserves-3-trillion-virus-rescue-inflates-market-bubbles-idUSKCN24E13G
Market leaders like Amazon are nothing short a speculative bubble.
Earnings are not growing exponentially yet P/E is close to 150.
Tech Giant earnings out next week and day traders who continue to buy on dips may be about to face a nasty reality.
Comments
aaronsmth5
looks like a nice little bear flag we got forming
phantom_market
@aaronsmth5 big tech earnings in the next couple of days could very well determine the big next move following the bear flag.
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