amzn up now $60 to 3260
Another $32 billion in market cap added
Tesla up 105 to 1650
Another $19 nillion market cap added.
I was laughed at 7 weeks ago when i said the rally has put the decline to shame . Now its put the decline to shame 2 fold. For the mkt to have fallen 35% after an 11 yr super bull was no big deal . But for the naz to rise 61% in 3 1/2 months and take out high after high during total chaos in the world can't be put in words.
And now let's sort the 500 stocks in the S&P as an exercise and complain once again about the ones that went up the most....let the bear growls begin.
I was laughed at 7 weeks ago when i said the rally has put the decline to shame . Now its put the decline to shame 2 fold. For the mkt to have fallen 35% after an 11 yr super bull was no big deal . But for the naz to rise 61% in 3 1/2 months and take out high after high during total chaos in the world can't be put in words.
The market is not the Naz. And even the Naz is not the Naz. A small number of tech highflyers are a yuuge chunk of the gain. Take them out and very likely it would be doing what Dow and S&P have been doing, going sideways to slightly up for the past month or so. May be time for Fed to goose the market again.I was laughed at 7 weeks ago when i said the rally has put the decline to shame . Now its put the decline to shame 2 fold. For the mkt to have fallen 35% after an 11 yr super bull was no big deal . But for the naz to rise 61% in 3 1/2 months and take out high after high during total chaos in the world can't be put in words.