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.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.