This market on steroids is just like early 2000 IMO
I mean the Internet bubble sported even higher PEs, but this AI bubble on stock prices is topping out in my view. Wadegarret portfolio has been in SOXS on and off for months now, and is losing almost every entry. Only good thing is, the trading has made for less of a loss, than staying persistently in the ETF. I actually went to SQQQ for a short term last week, and may decide to go that route again. I mean from March 2000, the Nasdaq fell 78% by late 2001, while the semi stocks were down closer to 85%-90%. However the risk of being in SOXS is greater than SQQQ in general, so maybe SQQQ is more prudent. Either way, I believe we are near a top in the semi sector, and the market in general.
I also think one should start thinking of which stocks would be the best short candidates. I may actually start shorting stocks in Wadegarret soon !
