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It almost feels like everyone wants to see a big tech selloff as everything feels so overvalued (less than a week ago though) yet it's always foolish to bet against US stocks and all these "rotation out of tech" comments never age well. Given this week seems to have priced in a more hawkish Fed ahead of Jackson Hole today I think it's entirely possible we see yet another strong rally and those who sell out (like in April) could miss out. Last two sessions saw strong evidence of dip buying, it doesn't look like the start of a long period of decline.
 
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Barks said:
It almost feels like everyone wants to see a big tech selloff as everything feels so overvalued (less than a week ago though) yet it's always foolish to bet against US stocks and all these "rotation out of tech" comments never age well. Given this week seems to have priced in a more hawkish Fed ahead of Jackson Hole today I think it's entirely possible we see yet another strong rally and those who sell out (like in April) could miss out. Last two sessions saw strong evidence of dip buying, it doesn't look like the start of a long period of decline.
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I don't think we'll see a huge drop in US tech..maybe some stagnation/flatlining
 
Barks said:
It almost feels like everyone wants to see a big tech selloff as everything feels so overvalued (less than a week ago though) yet it's always foolish to bet against US stocks and all these "rotation out of tech" comments never age well. Given this week seems to have priced in a more hawkish Fed ahead of Jackson Hole today I think it's entirely possible we see yet another strong rally and those who sell out (like in April) could miss out. Last two sessions saw strong evidence of dip buying, it doesn't look like the start of a long period of decline.
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It makes me laugh when people pile on these tiny dips.
 
RxR said:
PLTR has lost 14.69% in the last week. Is that a tiny dip or a technical correction?
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In the context of its recent rally its a very small dip. Look at its P/E, do you think this is a rational price?

Its done 420% in one year, a 15% dip now is barely visible on the chart.
 
200sols said:
In the context of its recent rally its a very small dip. Look at its P/E, do you think this is a rational price?

Its done 420% in one year, a 15% dip now is barely visible on the chart.
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No, I personally don't think it's a rational price, far from it. But I believe there are others who think so, and I punt on *their* behaviour. So far so good %% return wise.
 
RxR said:
PLTR has lost 14.69% in the last week. Is that a tiny dip or a technical correction?
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I'd say that's a moderate/small dip.
But are you comparing to ATH?

I certainly wouldn't buy a stock like plantir (extreme volatility) on a dip that small for example.

Its a big dip for a bank. It's a small dip for a hot us tech stock

I only buy tech stocks in watching if they dip by 30 percent. (obviously after looking at the reason for the dip)
 
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413x said:
Was coming on to see why everything is green.
Is it for the right reasons? Or like here in the UK where it's for bad reasons?
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Employment.

Remember the fed has a dual mandate so it has to consider Employment and inflation.

Going to be very interesting when Trumps yes man gets in next year and rates plunge. US will lose all credibility it has left.
 
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200sols said:
Employment.

Remember the fed has a dual mandate so it has to consider Employment and inflation.

Going to be very interesting when Trumps yes man gets in next year and rates plunge. US will lose all credibility it has left.
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Employment was down? And stocks still rise? I'm no economist but I'm still of the opinion the storm clouds are brewing
 
413x said:
Employment was down? And stocks still rise? I'm no economist but I'm still of the opinion the storm clouds are brewing
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It's fine because after the bad data Trump fired the head of the bureau of labour statistics and put in a yes man so you can be sure future data will be fine :cry:
 
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