MarathonMike
Diamond Member
The DOW and the S&P got there but the Nasdaq and the Russell 2000 did not. Do we have a true correction at this point or does tech take another dive?
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Strong earnings and greed will rule for awhile.
Strong earnings and greed will rule for awhile.
Strong non-EBITDA earnings haven't ruled for quite a while. The theme song has been growth at the expense of revenues in order to slow the burn rate. The shake out will not be as bad 2000-3 but it will in May with the new regulations and taxes that will be imposed on FAANG and similar crap. China already has this regime which is why Apple is exiting China for hardware as well as keeping software here. The EU is next up in May and tougher SEC regulation is going to be the result of the televised FB investigation going on right now. Dividend Champions and similar issues are delivering 0.02% net option premiums per trading day or 0.1% per week or 9% cash on cash per year plus 11% appreciation or 20% total ROI without reinvestment of either dividends (@5%) or net option premiums. Include that and returns become surreal.