by Anura Guruge
on April 11, 2024
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I am NOW truly a senior, with over 45 years of SOLID (& often painful) stock market experience. I remember living through the Y2K (i.e., year 2000) NASDAQ crash. I was fully invested then, nearly all of it on the NASDAQ. DITTO, today. SMILE.
I, as I often state, ONLY invest in things I understand — & that tends to be (High) TECH. I have been in TECH most of the last 40 years — & I AM NOT COMPLAINING. SMILE.
Today was a good day. Nah! That is a lie. Today was a GREAT DAY. SMILE.
This has been a good year. SMILE. The last 12 months has been good.
But, this is NOT RIGHT. There is too much uncalled for irrational exuberance. The NASDAQ should NOT have gone up 1.7% today. Not right. Fundamentals don’t support that.
I am PREDICTING that we will have a MEANINGFUL PULLBACK in Tech soon — before June. That has to be the case. This is not right.
Mark my words (again). SMILE.
