https://www.gmo.com/...arterly-letter/
always worth a read....
Posted 02 September 2021 - 12:09 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 02 September 2021 - 12:34 PM
He's a Perma-Bear but it's still very much worth the read.
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%
Price/Sales
AAPL 7.5X
MSFT 13.6X
GOOGL/GOOG 8.9X
AMZN 4.0X
FB 10.5X
TSLA 19.9X
NVDA 25.8X
Average=12.9X
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.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
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.