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Posted 03 September 2021 - 07:43 AM
The market is at a very toppy level and Expect fund re-balance moves thru out Sept ......................
Posted 03 September 2021 - 02:51 PM
Edited by pdx5, 03 September 2021 - 02:53 PM.
Posted 03 September 2021 - 04:03 PM
PERCENT OF U.S. STOCKS TRADING OVER 10X PRICE/SALES
Yup..could get even crazier.
It is why I am watching the Mega Caps, where 3 stocks are 30% of the Naz 100, and just 7 companies are nearly 50%
When the big guns turn, it's over....but not until they do....
But certainly at a level where it could happen at any time.
Nasdaq Comp in 2000, total market cap was about 6.6 Trillion on +/- 2500 stocks
Just the top 7 Companies now +/- 10.8 Trillion
Edited by K Wave, 03 September 2021 - 04:07 PM.
Posted 03 September 2021 - 04:10 PM
I'm with Y'all on this. Almost a Generational Top but timing it is tricky. As a trader I want to catch a few % off the top. I plan on buying puts but not until after Labor Day, due to premium erosion over a long holiday weekend.