what did happen in the past 2 years ago??? 2 years ago:
January 20, 2020, CDC confirms the first U.S. laboratory-confirmed case of COVID-19 in the U.S. from samples taken on January 18 in Washington state.
Feb-March 2020: Market crash
March 2020- November 2021: Stock Market Boom
November 2021: Chair Powell: In the third quarter, real GDP growth slowed notably from this rapid pace.
After November 2021: Real Economy into effect:
We see many Big names trading at or below the pre-pandemic levels at the moment..! For instance:
1- FB:
2- NFLX:
3- PYPL:
4- SQ:
5- SPOT:
6- PINS:
7- Z:
8- WIX:
9- TXG:
10- CRSP:
While many may think this is a good time and these prices look like huge discounts, I believe we will see lower prices in the next 5 months.
When the real economy slows down and the cost of borrowing increases, the balance sheets will show it with some delay..!
Do not forget:
After any boom in the stock market, there will be a "Bust"
You can see the most important support(green line) and resistance (red line) levels.
Best, Moshkelgosha
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