All it took D&D was the loss of source material and the realization that they were in way over their head to produce the abomination that was Ramsey Bolton's "10 good men" that wiped out the whole army of the greatest mind of military strategy in Westeros.
Well, Ben Bernanke and Jerome Powell tag-teamed a similar abomination in the form of the US stock market. Ramsey did it with 10, can these buffoons do it with 5?
I see the strength in FAANG in a different light than others do. It seems purely defensive to me, as if the economic and global liquidity situation is so horrifically bad that every possible fund is weighting up 20-40% of their portfolio with the 5 companies that everybody in the world agrees is safe. Is this going to blow up in everyone's face? Can those 5 stocks hold up the global markets? What about the US market?
Well, considering most of the market is still below its 200dMA, I think the breadth speaks for itself. While the S&P and Nasdaq are staying strong, many people haven't taken notice to the others, of which many are looking noticeably bad. I'll post non-US charts for the friends abroad after this.
Well, Ben Bernanke and Jerome Powell tag-teamed a similar abomination in the form of the US stock market. Ramsey did it with 10, can these buffoons do it with 5?
I see the strength in FAANG in a different light than others do. It seems purely defensive to me, as if the economic and global liquidity situation is so horrifically bad that every possible fund is weighting up 20-40% of their portfolio with the 5 companies that everybody in the world agrees is safe. Is this going to blow up in everyone's face? Can those 5 stocks hold up the global markets? What about the US market?
Well, considering most of the market is still below its 200dMA, I think the breadth speaks for itself. While the S&P and Nasdaq are staying strong, many people haven't taken notice to the others, of which many are looking noticeably bad. I'll post non-US charts for the friends abroad after this.