5 replies to this topic

[CLK]

I haven't been following internals, this market is very perplexing, I am just not sure if the 6 months sideways was a weekly bull flag or this blistering 3 week rally was just a throwback to the final retest.
Tight rising channel as we have had the last 2 weeks is what bull markets are made of, I am very leary expecting a bear market with this type of price action.

Powell has stated before that he does not equate the dotcom bubble with AI price action, he said dotcom had no earnings, AI does.
While some point single digit P/E's for chip stocks, S&P is over 40 P/E, I do not buy and hold a market with those overpriced numbers, I wish buyers well but not me.

Edited by CLK, 21 April 2026 - 01:21 PM.

[steadyquest]

They're baaaaack!

 

https://www.youtube....h?v=aXJhDltzYVQ

[12SPX]

Was funny listening to the bulls that the stockmarket was cheap when it was at its lows but it moved up so fast now its even more overvalued lol!!  I still think we'll remain mostly sideways all year with slight new highs.  I also still believe bitcoin is the stupidest made up investment of all time.  It is not a "new currency" as they claim because its priced in every currency in the world lol!!  The blockchain is great I suppose but sure seems a slow adaptation of it.  About the only one I like is ripple as it is at least trying to make currency exchange easier but "fart coin" gets billions of dollars, tells me its all a fraud like 93% of the AI companies that don't make money!  Note applewood I think it was....The shoe company that was going broke so said it was going to become an AI company so the stock jumped 800%, hmmmmmmmm

[pdx5]

AI is a bigger scam than Crypto, just MHO.

[12SPX]

Not sure I'd say its a scam but I don't think its as big as they say, its just another step in the computer factor.  Just like when the internet searching was free with no ads now I use AI for all my searches as there are no ads.  It is intelligent but there is no artificial there at all, just fancy programming.  I'm sure the roots will be cool and helpful also.  One thing for sure though is that absurd prices some of the stocks are getting is insane with no value.  Stocks like Nividea  are overvalued but have worth and feel more like the Dotcom peak to me.  I'm sticking to my possible up year but in the end maybe single digits.  Especially with midterm elections coming up and there are more and more questions about it day by day.  

[CLK]

AI chip stocks are cheap of you go by forward earnings, SNDK 7% P/E has just been upped to 2000 estimate at nearly double, this is not the same as Dotcom, the internet had no earnings, AI does, big difference,
this market is not able to be figured out.

Edited by CLK, 02 May 2026 - 07:43 AM.