To support the previous article on TESLA as the most dangerous stock on Wall Street, here is a hedge fund guy, way more intelling and experienced than me and you, saying basically the same thing: we have a bubble, and by definition, it will implode.
But you my friend, as a speculator, dont care about this right? What you want to know if when and the path we take to go there. Will it burst tomorrow? Will we go up another 1000% then burst? Well, unfortunately I dont have an answer to that.
We are clearly seeing a correction, Arnott said last week, pointing to the FANG+ stocks [Facebook, Amazon, Netflix, Google parent Alphabet and Microsoft among others] taking a beating recently.
It’s a bubble. Bubbles burst. The FANMAG bubble will be no exception.
To put things in perspective, here is how crazy the bubble on Apple stock is going these days.
At its recent highs, Apple was worth more than the entire FTSE index. In other words, the one stock was worth more than the entire publicly traded British economy.
It’s a fantastic company with great products and superb management. But, it will not produce more profits for its shareholders in the decades ahead than the entire London stock exchange
Maybe these things dont matter; until they will!
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