Hey everyone , I apologize ahead of time for the spam like title of my posting, however, I do think there is cause for concern that not many analysts are touching on. When you look at any major company on a larger time frame, I'm talking weekly and monthly, its easy to see juts how overvalued most companies really are, whether its AMZN , or Berkshire , or AAPL, or NFLX. Our economists and historians of the past have been accustomed to companies of the past, brick and mortar. All the largest companies on the planet now have different channels for carrying out their business most businesses of the past just don't understand. The fact that even though AMZN beat earnings expectations by around 80%, yet still deleted all of its gains from earlier in the session before posting earnings results. Just a slight slow down in these large tech companies are already causing a collapse, so what happens when selling , mixed with poor earnings , mixed with real world issues , perpetuates into more selling. $600 AMZN is a ballsy call, but I would be happy in a $1100 put
The 3,000% increase on the left hand side of the chart signifies the bottom of the 08 recession compared to current price. The valuation on these companies is ridiculous
:) HAPPY TRADING :)
Crypto Crusader
The 3,000% increase on the left hand side of the chart signifies the bottom of the 08 recession compared to current price. The valuation on these companies is ridiculous
:) HAPPY TRADING :)
Crypto Crusader