Posted by mastermind on 23rd of Jun 2022 at 02:37 pm
Seems to me that the market is being held up by beaten down low
quality tech stocks. Many stocks with terrible fundamentals (CVNA
and several others) are up 5-10% today. Meanwhile the IBD 50, which
never seems to be able to get calibrated during bear phases, is
making new lows for the year, down almost 50% since November (not
as bad as ARKK, but still . . .)
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Seems to me that the
Posted by mastermind on 23rd of Jun 2022 at 02:37 pm
Seems to me that the market is being held up by beaten down low quality tech stocks. Many stocks with terrible fundamentals (CVNA and several others) are up 5-10% today. Meanwhile the IBD 50, which never seems to be able to get calibrated during bear phases, is making new lows for the year, down almost 50% since November (not as bad as ARKK, but still . . .)