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Nasdaq down 29% YTD ..
sgbuffett

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#1

25-05-2022, 06:52 AM
Selling is now hitting the big tech.
The Snap chat announcement that it faced a slowdown in advertising is sobering because it just revised downwards from just 2 months ago meaning things are deteriorating fast. Apple and Google are starting to selloff.

I just don't see anything attractive about the valuations. Even if Nasdaq drops another 10% with a recession coming many big tech will see negative growth. 

[Image: moWj0tr.jpg]
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(This post was last modified: 25-05-2022, 06:54 AM by sgbuffett.)
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RiseofAsia

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#2

25-05-2022, 08:12 AM
It is Super over sold. This wave down is scary.

Could you see Uncle Dow is rebounding?
Uncle Dow shd restest 33800 again?
This is my opinion.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
(This post was last modified: 25-05-2022, 08:14 AM by RiseofAsia.)
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sgbuffett

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#3

25-05-2022, 08:31 AM
(25-05-2022, 08:12 AM)RiseofAsia Wrote:  It is Super over sold. This wave down is scary.

Could you see Uncle Dow is rebounding?
Uncle Dow shd restest 33800 again?
This is my opinion.

When technically oversold will have bear market rallies.

This market depends on what strategy and time frame you have in mind there will be different outcomes

If long-term DCA just keep buying don't second guess.

But if you ask me, it isn't cheap so I am not keen
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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Cmpunk

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#4

25-05-2022, 08:33 AM
How long will this bear Market last?
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Sticw

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#5

25-05-2022, 09:18 AM
Bear rally then FED up rates, then a few more rounds. Then FED play hero card by buying up stocks and cut rates. It's just a wealth redistribution exercise that has been around since the start of FED...
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