I am glad Bloomberg is recognizing that the tech earnings hasn’t been that great. I’ve been noticing this and trying to figure out the disconnect between what is going on with the NASDAQ. The majority of tech reporting bad earnings but the NASDAQ is still at lofty levels of 2900…there is a big disconnect here.
Apple earnings fell short the stock went down 6% and the NASDAQ didn’t flinch. Either the market is being manipulated which many people feel it is or people are buying tech stocks, which I don’t think is the case. On the same token, the mainstream news networks are still putting on Wall Street investment guest that says “BUY Tech”.
It’s kind of ridiculous , I think Wall Street is trying to get all the suckers in the market, and it will come crashing down in late August or September. That is my guess but reality will eventually catch up. I am holding steady with my NASDAQ short positions.
by Das Brain
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