Since earnings are almost over, I think the market slides lower for a while, mostly because everyone is ALREADY factoring in another rate cut after we just had one, and it just seems like no one is satisfied on the long side of these techs. For instance, if we get another rate cut at the next meeting, do you think that will change sentiment for more than a day? I don't....We just had a rate cut, and the market sold off. This market is NOT looking out 6-12 months, it is being overly defensive because of a possible recession, new adminsration, weak economy, and mostly because most longs got their butts whipped in tech last year - Once bitten, twice shy
Long-termers I know what you are going to post, I am just talking about the short-term here....This is just my opinion. |
