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bucolic_frolic

(51,507 posts)
2. Soft landing & jobs & AI have tech on FIRE!
Mon Jan 29, 2024, 06:43 PM
Jan 2024

Techs are inching up 1% or so per day. Don't forget though, the 7 largest tech stocks comprise about 33% of the NASDAQ. So when there is bad news eventually, investments can fall rapidly. Hard to find a US, Global, Tech, Balanced, Growth, or Large Cap ETF or mutual fund that doesn't have significant exposure to tech and several of those 7 companies.

Blow off market top? What would it look like? 30% move over 9-12 months. And no reason it wouldn't stop until it hits the large round number. And that number would be Dow, DJIA 50,000.

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Good quote at the end Drum Jan 2024 #1
Thank you! Tansy_Gold Jan 2024 #3
Soft landing & jobs & AI have tech on FIRE! bucolic_frolic Jan 2024 #2
Latest Discussions»Issue Forums»Economy»STOCK MARKET WATCH: Tues...»Reply #2