Still an extreme bull on tech? Be careful.

PawsAndProfits
06-03 03:54

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.


The main headlines that appeared in my email inbox today. These are analysis reports from individuals, not news. So are you still a extreme bull on technology sector, still chasing the run up even though valuations are getting ridiculously expensive, and some even do not warrant their current valuations? I remained bullish on technology stocks for the mid - long term timeline, however I also believe there is a fair valuation on every company, despite the profit they announce. I truly believe that we are approaching a phenomenom like the dot.com bubble years back. And when the sell off starts, its going to get real ugly. 


@PawsAndProfit - Specialist in combining FA and TA for options selling and swing trading[举爪]  

Modified in.06-03 08:40
May Recap: Nasdaq New Highs, Will Global Frenzy Carry into June?
US stocks climbed steadily through May and closed the month at fresh record highs. $S&P 500(.SPX)$ finished +5.15%, closing at 7,580 (intraday high 7,599); $NASDAQ(.IXIC)$finished +8.36%, closing at 26,972 (high 27,095); and $NASDAQ 100(NDX)$crossed 30,000 for the first time, closing at 30,333. AI/tech led again. Did you beat the index in May? A healthy bull, or a few leaders propping up a hollow top? Which direction do you favor for June?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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