24-12-2022, 11:44 AM
I took chart of a classic "bubble" stock during that era.
There is a long list of such stocks Zoom, ARIK, Paleton, Teledoc, Snowflake, Digital Turbine, Planet 13 etc. The Nasdaq fell 38% these stocks fell 80-95%.
As with the last dot.com bubble most of these companies will go bankrupt get delisted and just fade to a very small size.
The mother of all the speculative stocks is tesla due to undying faith of some investors it fell only 70% from the peak.
But the day of reckoning comes closer. It is not uncommon for Tesla to just drop 6% when other stocks go up like yesterday.
Nasdaq is now interesting but still expensive for my liking.
It was clearly a bubble...when the US recession comes we look for bargains but not in stocks like tesla, nio etc ....there are easier pitches for us to hit the home run.
There is a long list of such stocks Zoom, ARIK, Paleton, Teledoc, Snowflake, Digital Turbine, Planet 13 etc. The Nasdaq fell 38% these stocks fell 80-95%.
As with the last dot.com bubble most of these companies will go bankrupt get delisted and just fade to a very small size.
The mother of all the speculative stocks is tesla due to undying faith of some investors it fell only 70% from the peak.
But the day of reckoning comes closer. It is not uncommon for Tesla to just drop 6% when other stocks go up like yesterday.
Nasdaq is now interesting but still expensive for my liking.
It was clearly a bubble...when the US recession comes we look for bargains but not in stocks like tesla, nio etc ....there are easier pitches for us to hit the home run.
![[Image: JIlNLHL.jpg]](https://i.imgur.com/JIlNLHL.jpg)
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.