/biz/ - Business & Finance

Can't say. Not a doji.

>>261017
It was on the weekly chart

Might see another 5% gain or so according to analysts. Expecting ~1950 before a 30+% drop. Wait for the Fed to start raising interest rates in the next couple of months.

>>261029
That wouldn't surprise me but some of the large-cap tech stuff is correcting hard - AMZN - 19% YTD, GOOG(L) down 3%, AAPL - 5%. And the Fed is mainly controlling the short end of the curve at this point yet the 10 and 30 years have not reached their highs from 2010-2011.

sp500 headed to 2000 then 3000 in 5 years.

>>261016
why would there be a "top"? s&p 500 reflects the economy, which should keep going "up" over the long term.

where's the peak of this cycle is what you should be asking, and its hard to judge. it's probably based on the rate the governments taper the cheap money compared to the rate the private sector hires more people.

I'd give if to Christmas but that's my guess

>>262140

>large-cap tech stuff is correcting hard

>this couldn't possibly be because we're seeing the popping of a massive tech bubble

>clearly everything's going to drop 30%

>>261016
looks like the same resistance level. Id buy the dip. If you notice it bounced off the 1883 a couple of times.

A lot of tech stuff is extremely overvalued and are trading at insane multiples of what they earn.
TSLA is 55x earnings.
FB is 33x
PLUG is 142x
AMZN is 76x
It's insane how overvalued these companies are, and everyone's beginning to panic and take out. Even companies that have lower p/e and are somewhat fairly valued are getting hit hard. Now is not a good time for stocks. I'm just going to be accumulating capital waiting for the correction to finish before swooping in for some good deals.
I don't think a recession is going to happen. Economy is still doing well, tons of jobs are being created, business is still booming, just tech stocks fucking things up again. Learn from 2000 silly tech stocks.

>>264400

>s&p 500 reflects the economy, which should keep going "up" over the long term.

yes, the economy SHOULD continue growing, but gen Xers with student loans can't obtain jobs or home mortgages and it's messing everything up

Yes, the .dji has one more rally in it.
Then the tripple-peak will become apparent for the dji late next month.

>hold on to your butts in june boys n girls

>>264893

>Gen X
>Student Loans

Jesus, did they take out loans with 30 year terms? Most Gen Xers are over 40 by now.

>>264783
Higher growth = higher PEs. AMZN is projected to earn 7.62/share in 2016 and 11.87/share in 2017. Not saying it is going to happen but that is what most expectations are so they get a higher multiple when money is flowing into stocks.

people are selling crap and buying undervalued blue chips. at&t and PG were the first to get bumped, then unilever now utilities and snack food. the intel and cisco shit are earnings bets and just noise. now people are buying brazil, the banks vale and pbr. i expect hsbc will be next to get picked up, then ge, then we go sideways. the market is pretty fairly valued.

>>266420
They expect too much. GILD (biotech) is a great example. They've been making bank for years and their recent drug Solvadi is making so much bank and their P/E is much much lower. All these newer internet/tech/biotech operate at much higher. TSLA hasn't even made any profit yet and they're trading really high. Everyone is too overly optimistic.

>>264737
https://www.youtube.com/watch?v=jllJ-HeErjU

>>265979
He probably meant millennials. My generation is so screwed. Not me personally, I'm fine, but still. If I had to make student loan payments on top of all my other bills, I'd be living with mom& dad too.

No you fucking mongoloid. People who call tops don't make money, bottoms also.

just fucking wait for the trend to change and act on it

>>267557
Go back to watching Jim Cramer dumbass.

>>264783
they redirect most of their earnings back into R&D and expansion

though you are basically right, companies priced on growth are more volatile than companies priced on earnings, growth is more difficult to predict

>>267866
watching cramer? nah I'll be busy making money while you sit on the sidelines with all the other pussies who have been calling recession, crash and tops since 2010

>>268000
>all the other pussies who have been calling recession, crash and tops since 2010

Have you been living in a cave or something? What's wrong with you?

>>268021
Not sure what your point is... this market is healthy.

have fun making nothing bro

>>268038
>this market is healthy

gr8 b8 m8 i r8 8/8