"New bull market!" "Return to normal!" Bubble bust denial lolz

6 Nis 2023

FED "pivot" hopes won't die.
Bank collapses are "good for the stock market".

AI mania has the meme market looking alive again. NVDA, a company in which both revenue and earnings have dropped significantly over the past 3 quarters, is trading at 150+ P/E and 25xSales with a $666Billion market cap!

We're "back to normal" folks! /s

I LOVE how this classic Market Psychology chart lines up so well with the current NASDAQ monthly chart!

2 May 2023

Not