Nasdaq will not bottom until ——-

[NY_HOOD]

Nasdaq wont bottom until Amazon, apple, nvidea, lam research, and a bunch of others get hit a lot harder.
They will get hit. No stock escapes a bear market.

 

[southall]

Nasdaq wont bottom until Amazon, apple, nvidea, lam research, and a bunch of others get hit a lot harder.
They will get hit. No stock escapes a bear market.

Not so long ago, January 2019 infact, AAPL was trading around $150

 

[S2007S]

Nasdaq wont bottom until Amazon, apple, nvidea, lam research, and a bunch of others get hit a lot harder.
They will get hit. No stock escapes a bear market.

Again I'm amazed to see how these stocks have held up especially apple. Apple is going to see a gigantic drop in smartphone orders and earnings, However we all know for the next 4 to 8 quarters that analysts will knock down estimates so damn hard that the slightest beat will look enormous. Trust me they are already going to play that game.
As for amazon most will stay very bullish on that stock since millions of people are at home ordering everything from food to ping pong tables. Only thing is that with many unemployed going out the next 6-12 months they could slow spending habits which might hurt amazon later on. Now though they are making strides with everything being bought online and not in stores....the overall market however is still very very high. Stocks havent even felt an ounce of the slowdown yet but will in the next 2 quarters as the US sees GDP drop to levels no one will have ever predicted.

 

[southall]

Again I'm amazed to see how these stocks have held up especially apple.

The market went down 33% in like a few weeks. Large bear markets don't go down 50% or 80% in a month, takes many months or a few years to see the bottom.

The market likes to first trap its victims, and then to slowly torture them until they throw in the towel.

It wants to trick investors into thinking the bottom is in so they double up on long positions. Before it grinds even lower.

 

[illfuture]

Don't you guys realize that there have only been 4 election years out of 22 that have been negative? There is a very good chance we could be close to where we were in February by the end of the year.

 

[southall]

Don't you guys realize that there have only been 4 election years out of 22 that have been negative? There is a very good chance we could be close to where we were in February by the end of the year.

You are joking right?

In how many of the last 22 elections was the economy in lockdown?

 

[Clubber Lang]

The market likes to first trap its victims, and then to slowly torture them until they throw in the towel.
It wants to trick investors into thinking the bottom is in so they double up on long positions. Before it grinds even lower.

Exactly
11 years of “buy every 1% dip” has programmed everyone to think this will be over quickly.
After the initial free fall, then comes the relentless selling followed by another vicious bear rally that people think is another bottom. Rinse and repeat.

 

[Clubber Lang]

Don't you guys realize that there have only been 4 election years out of 22 that have been negative? There is a very good chance we could be close to where we were in February by the end of the year.

WTF does an election have to do with a worldwide plague?
93% of stats are complete nonsense.

 

[guru]

Again I'm amazed to see how these stocks have held up especially apple. Apple is going to see a gigantic drop in smartphone orders and earnings

At least regarding Apple, they're days away from releasing new iPhone SE that my wife has been waiting a year for. She just wants that specific size and low price point.
Personally I'd bet on Apple going down but this launch may give them some juice, so can be interesting.

 

[Sekiyo]

Amazon

They might actually be striving under corona virus.
Nope ?