Are these the movements of a rational market place?

lc Mar 18, 2024

Tesla was a favourite for many not so long ago…..

It’s now down touching 35% on the year, and is the worst performer in the S&P!!! #crashed

NVIDIA is the new favourite and has just had a record 10th consecutive positive week (not small positive weeks either!!!)…

Since 2018 a 3 x leveraged #nasdaq has been trading almost identically to #bitcoin .

These don’t seem like the movements of a rational market place to me!!!

Throw in the fact, that it is an absolute eternity since the #sp500 had a pullback of more than 2% on the day- and we’re looking at a market that is well overdue a retracement.

Sometimes when the climate is like this, it feels like it will never happen.

Previous experience tells me, it DEFINITELY will.

Be careful out there.

Could this be the week where the S&P finally falls 2% in one day?

And if it does- will the speculative money panic and leave?

I guess we’ll find out over the next 5 days.

Good luck in the markets everyone.

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