The Monthly chart of the NASDAQ has been floating around all weekend, with so called “experts” claiming for a double top of epic proportions. I, myself, find it pretty amazing that we were able to make up all the lost ground since the tech bubble back in 2000. Here’s a look at the monthly chart:
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My question to the iBankCoin nation is this? Is it time to start selling stocks and prepare for a deeper correction, or it this just another dip that we should be looking to buy? Vote below:
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Hide yer womens and chldrens
At that first peak, Apple was about to go bankrupt, most people didn’t have a cell phone, Amazon was a book store, Google didn’t exist, Zuckerberg was in high school, I was on Friendster, and gas was 99 cents. Now Apple is going to be a trillion dollar company, everyone has a computer in their pocket, Elon Musk wants to colonize Mars, Facebook is making real billions, and Amazon can bring me a pair of $200 headphones by 5pm today if I click this button. We are going higher.
Nice commentary!
Well said
bullish!
Another excellent iBC post.
I know now that the market is due for a correction. -8% is all I need.
You can’t equate the 5000 Nasdaq high in 2000 to the price now, since with inflation that’s equivalent to 7100; its going higher
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