Posted by chartboy on 12th of May 2021 at 08:30 am
The statement that the market is broadening in strength has no
basis in fact. The numbers do not lie, it is narrowing. What it is
doing however is rotating into late cycle names. More relevant to
ARKK, the relative strength of technology has made a major top that
is very strongly statistical correlated to very long periods of
relative underperfomance (decade +). In fact, it is virtually
identical to the peak of relative performance that occurred in
early 2000 and led to tech never surpassing those levels for 15
years and only after draw downs exceeding well of 50% in most tech
ETFs like ARKK.
Remember, most investors thought it was “different this time” in
2000 as well.
So ARKK being up 482% the last five years is all going to be
erased now lol..the point is the corrections are buying
opportunities..what about the QQQ, it is going under too? Those
companies run the world and are cash cows growing ridiculously as I
showed in the previous performance, AAPL, MSFT, AMZN, GOOGL,
etc...40% a year for the fund on average the last 5 years..
the companies in ARKK are not 2000 era tech companies. Tesla,
Square,Teledoc, Roku, Zoom, Zillow, Spotify..they are here to stay
and running the forward looking business world...some of them have
become an essential part of our world now for personal and business
use..last post, facts are facts. The cash you would have made could
fan you much better than those charts...also, the likelihood of any
major breakdown back to back years is very improbable..we would
need another pandemic or aliens to land here...That is
all.
The statement that the market
Dude in the middle bought ARKK over $120.
Posted by chartboy on 12th of May 2021 at 08:30 am
The statement that the market is broadening in strength has no basis in fact. The numbers do not lie, it is narrowing. What it is doing however is rotating into late cycle names. More relevant to ARKK, the relative strength of technology has made a major top that is very strongly statistical correlated to very long periods of relative underperfomance (decade +). In fact, it is virtually identical to the peak of relative performance that occurred in early 2000 and led to tech never surpassing those levels for 15 years and only after draw downs exceeding well of 50% in most tech ETFs like ARKK.
Remember, most investors thought it was “different this time” in 2000 as well.
So ARKK being up 482%
Posted by fundamentalvalues on 12th of May 2021 at 08:50 am
So ARKK being up 482% the last five years is all going to be erased now lol..the point is the corrections are buying opportunities..what about the QQQ, it is going under too? Those companies run the world and are cash cows growing ridiculously as I showed in the previous performance, AAPL, MSFT, AMZN, GOOGL, etc...40% a year for the fund on average the last 5 years..
the companies in ARKK are not 2000 era tech companies. Tesla, Square,Teledoc, Roku, Zoom, Zillow, Spotify..they are here to stay and running the forward looking business world...some of them have become an essential part of our world now for personal and business use..last post, facts are facts. The cash you would have made could fan you much better than those charts...also, the likelihood of any major breakdown back to back years is very improbable..we would need another pandemic or aliens to land here...That is all.
I'm appreciative of both your
Posted by retirefire on 12th of May 2021 at 08:42 am
I'm appreciative of both your commentary here gentlemen.