Well, well, well, this is precisely what I was talking about in my post about big tech. This is just a short post, showing some levels. These overheated stocks are finally getting a taste of profit-taking. Netflix managed to actually break below its 200 week moving average. If Google does the same, another 50%+ drop is possible. On the conservative side, Google can simply head towards the 200 MA and bounce. However, I really think there are some people sitting on enormous profits that have yet to start realizing those gains. Let's see! Will GOOGLE tank another 50-80% from here?
I am of the general opinion that markets will need to return to pre-COVID levels (at best) in order to correct current inflation, and in order for the economy to begin sorting itself out with significant policy change. This is because the market has largely been propped up due to money printing and QE.
This is meant for speculation and entertainment only, not financial advice.
-Victor Cobra
I am of the general opinion that markets will need to return to pre-COVID levels (at best) in order to correct current inflation, and in order for the economy to begin sorting itself out with significant policy change. This is because the market has largely been propped up due to money printing and QE.
This is meant for speculation and entertainment only, not financial advice.
-Victor Cobra
