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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: catou1 who wrote (76441)2/3/2023 4:31:46 PM
From: Lee Lichterman III1 Recommendation

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catou1

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Yes I know. That post was more FA/earnings focused though vs liquidity which was what I referenced in the second post. I was also pointing out the silliness of many of the stocks flying or at least holding up better than expected due to AI references.
GOOG should have dropped harder but because they said they put 400 million into a ChatGDP competitor, it blunted some of the miss.
This market likes to play favorites and follow flavors of the day. META was sold last quarter for pursuing virtual reality. This quarter, AAPL is working on something similar but it's good news.
The actual stock AI was up another 18% today. No earnings, not even good growth. Burning 200 mil of cash. People are paying 8 times sales for this trash
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