The US technology stocks prices' fall is not over.
US technology stocks, measured by the Nasdaq Composite are still overvalued by 40 %, I estimate.
What we are witnessing is the bursting of the biggest stocks bubble and the largest asset bubble in terms if trillion of United States Dollar of value.
Technology stocks were grossly overvalued. And since tech giants like Apple, Microsoft and Meta are deeply intertwined with the global economy and international both goods and services supply chain, global stocks markets will also fall by 27 % from current levels of the major global stock market indices, I estimate.
The inertia and momentum of falling stocks prices is simply too great.
What we are observing in the last several days is a bear market rally.
When the dust settles, the Nasdaq finds a bottom and the USD starts depreciating, that would prove to be arguably the greatest buying opportunity in history, I foresee.
But up till then, catching the bottom could prove futile.
Commodities stocks and silver should outperform in the meant time, I think.
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