Tech Rout

[errolanderson]

I can’t see fuel staying this high, but maybe I am just hoping.

Total agree, global oil prices highly overvalued. Russian production can be replaced. And a global recession doesn’t speak well for any commodity. 1st support WTI $90, but it’ll break below that level. A matter of when (IMO) . . . .

[errolanderson]

Absolute mayhem in Chinese stocks right now . . . .

[ajl]

Hopefully ag inputs plummet as well ASAP , namely fertilizer

Grains go down first, then fertilizer. Likely see both this year. Fertilizer starting in June.

[errolanderson]

It’s a bear market . . . . According to Barchart, 66 percent of stocks have now broken their 200-day moving average. Many stocks are now down 50 to 70 percent from their recent January highs.

This may take years to recover . . . .

Apple breaks 200-day moving average . . . Floodgates opening.

[furrowtickler]

Interesting read ...
https://www.zerohedge.com/geopolitical/10-signs-war-ukraine-part-great-reset

[TASFarms]

Interesting read ...
https://www.zerohedge.com/geopolitical/10-signs-war-ukraine-part-great-reset

Poor leadership which kicks the countrymen in the balls at every turn leads to this great reset
Net zero by cutting off energy to Europe. Wtf.
War in Ukraine causing world wide famine.

This country has everything you could ever need To prosper. We can make everything we need.

[crusher]

Apple up 22% year over year. Glass half full.

[Taiga]

Oil at $96 this morning.

[errolanderson]

China equities soar overnight . . . China’s top financial policy body vowed to ensure stability in capital markets, support overseas stock listings, resolve risks around property developers and complete the crackdown on Big Tech "as soon as possible." In short, China vowed to make everything better again.

Translation: China's government now appears panicked over financial fallout.

[agstar77]

China equities soar overnight . . . China’s top financial policy body vowed to ensure stability in capital markets, support overseas stock listings, resolve risks around property developers and complete the crackdown on Big Tech "as soon as possible." In short, China vowed to make everything better again.

Translation: China's government now appears panicked over financial fallout.

China is scared of being pulled into Putins war. It's okay if it is their own war.

[bobofthenorth]

China equities soar overnight . . . China’s top financial policy body vowed to ensure stability in capital markets, support overseas stock listings, resolve risks around property developers and complete the crackdown on Big Tech "as soon as possible." In short, China vowed to make everything better again.

Translation: China's government now appears panicked over financial fallout.

The short side of the NASDAQ has been a fun place to play since early December but its getting too exciting for an old guy so I'll be on the sidelines for a while.

[errolanderson]

Getting real ugly . . . . Spotify down more than 70% from recent highs, Netflix down 60%. Tesla, Amazon capitalism drain in-progress. Smaller tech stocks down as much as 70% to 80%. This sell-down has the feel of a remake of the 2000 DOTCOM crash . . .

NASDAQ index isn't reflecting the true carnage given it reflects the heavy weights. It took 3 years for the NASDAQ to bottom after 2000 and 14 years to recover losses.