The S&P did make new highs today and is virtually unchanged on the day, yes?
The S&P 500 has topped at 2430 on 6/1/17
- Thread starter volente_00
- Start date
Bathroom products:
Lie
But it was so close!
Would I lie to you? I love my NVDA moisturizer... It makes my RAM feel so smooth...
Seriously now...why are they up so much? Who is buying their chips?
If you look at the correlation between NVDA, AMD, and $NYXBT we see an increase in correlation:
Now, correlation is not causation nor is coincidental correlation necessarily meaningful. But I wouldn't just ignore the possibility of dumb money pouring into what they perceive to be companies who will benefit from a parabolic rise in $BTC (aside from the fact that it's all ASIC and not GPU now). There's also some technicals in play for NVDA but at this point it's pretty much played those out IMO.
Then there's this type of thing: http://www.businessinsider.com/the-top-stocks-millennials-are-buying-robinhood-data-2017-4/
And I can guarantee you the daily Robinhood holdings are being sold off to those will pay for it as it's clearly dumb money central.
Now, correlation is not causation nor is coincidental correlation necessarily meaningful. But I wouldn't just ignore the possibility of dumb money pouring into what they perceive to be companies who will benefit from a parabolic rise in $BTC (aside from the fact that it's all ASIC and not GPU now). There's also some technicals in play for NVDA but at this point it's pretty much played those out IMO.
Then there's this type of thing: http://www.businessinsider.com/the-top-stocks-millennials-are-buying-robinhood-data-2017-4/
And I can guarantee you the daily Robinhood holdings are being sold off to those will pay for it as it's clearly dumb money central.
I don't follow it but:
"Another day, another high for Nvidia (NASDAQ:NVDA) after Bank of America Merrill Lynch pushes its price target to $185 from $155 while maintaining a Buy rating."
Also:
"Nvidia: Citigroup Analyst Thinks The Stock Can Go To $300"
https://seekingalpha.com/article/4080190-nvidia-citigroup-analyst-thinks-stock-can-go-300
