As we talked about the anatomy of a bubble earlier with palladium reaching its top and subsequently collapsing, this bubble top formation seems to be much more similar to that of Microsoft in the year 1999-2000.
We see the same parabolic move followed by a second exhaustive momentum climb. With a top formation and a subsequent blast-off overshooting any kind of logical growth other than that of irrational expectation. At a P/E ratio of 140, there is no fundamental reason to buy this stock other than the fact that everyone else is buying it.
Even JEFF BEZOS himself is selling the maximum amount of stock he can at any given opportunity. www.cnbc.com/2020/02...of-amazon-stock.html (he's been selling at the maximum amount of shares every time).
See below a picture of the MSFT top is 2000. it is identical to the amazon graph and will most likely play out similarly.
We see the same parabolic move followed by a second exhaustive momentum climb. With a top formation and a subsequent blast-off overshooting any kind of logical growth other than that of irrational expectation. At a P/E ratio of 140, there is no fundamental reason to buy this stock other than the fact that everyone else is buying it.
Even JEFF BEZOS himself is selling the maximum amount of stock he can at any given opportunity. www.cnbc.com/2020/02...of-amazon-stock.html (he's been selling at the maximum amount of shares every time).
See below a picture of the MSFT top is 2000. it is identical to the amazon graph and will most likely play out similarly.
Kommentera:
Here is the weekly chart of MSFT going for the run up before the 2000 tech bubble crash
Kommentera:
and the aftermath...
Kommentera:
Amazon Released earnings below estimates plagued by COVID-19 response (and 1 day shipping lets be honest, one day ship was going to eat into profit margins). Ready for big volatility
