Updated: Mar 14, 2019
So the other day, I noticed that the Nasdaq index seems like its starting to drop. It has maxed out already with a little point (red arrow), and started to descend. The reason I say that it is starting to drop is because it seems like it has dropped more than any other drop after the dot com crash around the 2000s.
The red arrow shows what seems like the peak, and the blue is where we are now. The peak was around Aug of 2018. (Now clearly looking at a magnified chart, the highest point was 8/29/2018 @ 8109.69)
Plus personally I think we are at another "dot com crash" point with consumer electronics, software & hardware. It is getting harder and harder to be innovative with phones, TVs, etc, and plus everyone seems to be making software and doing start-ups. I feel like the tech market is really crowded and needs a "clear up".
The index may grow/bounce up a little bit but personally I think the red arrow marks the decent of the stock market. Tech stocks are the most inflated, so they will go down first, and the fastest (which is what Nasdaq represents - tech stocks), so once Nasdaq drops, eventually everything else will drop. Since tech is the major driver in stocks right now.
These are just my thoughts on the current tech stock situation.
*DISCLAIMER: Stock recommendations and comments presented on jimfang.me are solely the website owner's opinion. They do not represent whether to buy, sell or hold shares of a particular stock. We are neither licensed nor qualified to provide investment advice. Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion. All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.