A lot of tech is flattening since last September. Some contrarians claim were in for a 40% melt up by April and 80% melt down by August. I just don't see the momentum or mechanism for it. It still looks like bull trap to me, and long drop with unemployment and housing collapse risks as interest rates are forced up. The US 10-year yield is already rising, and the Federal Reaerve hasn't even touched interest rates yet. Then we have huge supply bottlenecks, which could eventually flip into huge surpluses, and a lot of stress for retailers as consumer disposible income dries up.
It's the CNN phenomenon - the atrempt to control the message leads to the implosion of the messenger.
Update, facebook lost the biggest market cap in history last week... 20%+ $240Bn ...poof gone... When you look at their financial statement, it seems clear that they are burning alot of money on trying to censor people on their dying platform... It's not really to do with TikTok or Apple... FB is doing "go woke, go broke".
goldenballs@wolfballs.com 2 years ago
A lot of tech is flattening since last September. Some contrarians claim were in for a 40% melt up by April and 80% melt down by August. I just don't see the momentum or mechanism for it. It still looks like bull trap to me, and long drop with unemployment and housing collapse risks as interest rates are forced up. The US 10-year yield is already rising, and the Federal Reaerve hasn't even touched interest rates yet. Then we have huge supply bottlenecks, which could eventually flip into huge surpluses, and a lot of stress for retailers as consumer disposible income dries up. It's the CNN phenomenon - the atrempt to control the message leads to the implosion of the messenger.
goldenballs@wolfballs.com 2 years ago
Update, facebook lost the biggest market cap in history last week... 20%+ $240Bn ...poof gone... When you look at their financial statement, it seems clear that they are burning alot of money on trying to censor people on their dying platform... It's not really to do with TikTok or Apple... FB is doing "go woke, go broke".