Submitted by DaddyDersch t3_123zjdc in wallstreetbets
Prestigious_Ear_3737 t1_jdylqdw wrote
So glad to see you back!!! There has been 600B plowed into about 7 tech stocks since the SVB event. They ran to those and treasuries. While the DIA and SPY have been down lately the QQQ's were up abnormally. Today the QQQ's started to show cracks. 1Q earnings are going to be down. I think we are close to capitulation. Last year peeps said TINA. That has changed. Let's see 5% t-bills or NVDA at 150 P/E and AMD 100 P/E going into earnings??? MaggieP
DaddyDersch OP t1_jdzv030 wrote
Nvidia is still one that makes no sense to me
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