Friday, March 31, 2023

The Current Technology Bubble


I read today that Michal Burry described in 'The Big Short' movie said that he 'was wrong to say sell' for the first quarter of 2023.

Personally, I think Michael Burry was right to say sell.

The Federal Reserve just started again creating monetary reserves in the past two weeks. 

Such a move in the current situation of bubbles almost everywhere still, especially in technology stocks, will not solve the problem.

Sooner or later, the market must and will be allowed to clear, as far as I am concerned.

Strangely enough, Apple, Microsoft, Alphabet, Amazon, Meta are not too overvalued anymore, I think.

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