NVDA model is broken. PPS is still near the peak. We are likely to see another 60% drop from here. Stocks are still near peak, but are about 240% of intrinsic valuation. The bubble was artificially inflated and that facade was unsustainable. Injecting $27 trillion into economy over the past 15 years was far excessive and unsustainable. It has been doing damage for years. It will take years to recover from that excess manipulation. Defaults and bankruptcies are rising rapidly. Beware. Better to be in SQQQ. If QQQ goes down to 50%, then SQQQ rises to 800%. As is obvious from the data, QQQ and NVDA are way overvalued. Be smart.
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