greggles
I'll be back!
- Joined
- 28 July 2004
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Every dog has its day and SQQQ's day will eventually come. I think the NASDAQ is in bubble territory for many of the reasons outlined in the below video. Although the video is two months old I think that the argument it makes is a compelling one. AI hype is helping to drive tech companies to sky high valuations reminiscent of the tech bubble 20-odd years ago. While AI will inevitably make some companies very profitable, dreams of an AI world are a little premature. There is too much hot air and not enough substance.
I can't see the euphoria lasting and while these things are difficult to time, I am watching very carefully from the sidelines.
Not financial advice. It is also worth noting that SQQQ provides geared inverse (-3x) exposure to the NASDAQ-100 index and can be dangerous if you take a position and you are wrong.
I can't see the euphoria lasting and while these things are difficult to time, I am watching very carefully from the sidelines.
Not financial advice. It is also worth noting that SQQQ provides geared inverse (-3x) exposure to the NASDAQ-100 index and can be dangerous if you take a position and you are wrong.