“Oh, my goodness, the Nasdaq won’t stop going up. You’re missing out on one of the great bull markets of our lifetime if you’re not long on this one. It’s Covid-19, stupid! It’s made us use tech all the more. Google, Facebook, Amazon, Netflix – Covid has accelerated their adoption and that’s why they are going up.”
Then again… “The Nasdaq’s an almighty bubble. Prices bear no relation to earnings. Just half a dozen stocks account for more than 50% of the index. It’s way too geared. It’s going to crash.”
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The Nasdaq might well be overvalued and it might also go a lot higher
How technical analysis can cut through the arguments over fundamentals
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