This is the chart of Nasdaq 100 index vs S&P 500 index that was compared with the period of 1999-2000. You can see the break-out structure which is very similar to it did in July 12, 1999. If this fractal works out, the evaluation of tech companies, especially the companies which have advantages in Could computing will be much higher compared to S&P 500 which is the average of all industries.
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This time, the bubble happens in Big tech companies. The reason is there is too much cheap money, but too few good companies to buy.
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It happens again. Greedy humanity.
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The last wave started and it will be the biggest!
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If it goes side-way from here, then the party will ends.
@isabellaalexandra, This the the chart of Nasdaq 100 index vs S&P 500 index that was compared with the period of 1999-2000. You can see the break-out structure which is very similar to it did in July 12, 1999. If this fractal works out, the evaluation of tech companies, especially the companies which have advantages in Could computing will be much higher compared to S&P 500 which is the average of all industries.
bartybart
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@System_T, Absolutely, thank you for your candid response. I think the Carillon Effect is likely to support the FAANG stocks, but almost ironically technology has a deflationary effect that I don't think the FED can stop. I am short, but there is absolutely a chance that the Fed could prolong the inevitable. Reading the charts it's TBD, the only certainty we have at this point is that change is on the 1-2 year horizon. Thanks for posting!