Nasdaq rebounded sharply ..... far from good buying levels
#1

Rebound is fast and furious.
Absent recession and crisis it us hard to get a sharp fall all the way.

There is index money that flows constantly into the index.
Investors are still super bullish and will keep buying on dips
..like Tesla share holders this will slow any drop.

But at these elevated levels long term returns will be poor
But market may not just plunge ..it can drift sideways or downwards.

If it goes up a lot, it will look more and more like eve of 1987 crash where investors push up.overvalued stocks on the back of interest hikes...only to face the pull of gravity.



[Image: 17XR7r7.jpg]

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



Forum Jump:


Users browsing this thread: 4 Guest(s)