Watch your Qs
Everybody and his Donkey want to short this SOOOO Bad !
Personally I think the Qs will be just as strong or stronger that Gold.
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DO NOT SHORT ANYTHING
If you wanna short.. Russel should top and fail first. And it’s actually gaining steam. CHeezus!
I do not have anything to bet one way or another — all cash is allocated for expenses.
However on my review of QQQ just now if it were a stock I owned and did not have reasons to dislike I would hold it. I absolutely would not short it!!!! On some charts it has gone up a bit too-fast-too-high. Otherwise it looks just wonderful, as if it is in a nice little channel heading steadily (if rather rapidly) upwards. There are even indications that it could accelerate upwards out of the channel explosively.
Personally, I think it is garbage. If I owned it, I would have my finger close to the sell button because anything can happen. I would not want a huge position in case of outages.
As Patrick says, however, this is not a time for shorting things. The pumping of dollars into the financial system means things are supposed to go up. QQQ may be intended to go up more than most.
Keep repeating to yourself “Trillions and Trillions, and (assuming the next stimulus bill gets passed) Trillions and “Trillions”. That was 4 trillions for those of you counting. Do you realize that a stack of 4 trillion one dollar bills would reach from the earth to the moon?
https://www.ehd.org/science_technology_largenumbers.php#:~:text=The%20height%20of%20a%20stack%20of%201%2C000%2C000%2C000%2C000%20(one%20trillion)%20one,dollar%20bills%20measures%206%2C786%2C616%20miles
Well SQQQs me. Just what do you own when you buy a share of the QQQ?
https://stockcharts.com/h-sc/ui?s=qqq%3A$gold&p=w&yr=9&mn=8&dy=0&id=p5444238265c&a=614027596
First, you did not do yourself justice by not describing the chart, a ratio of QQQ to Gold. I might have briefly described it as a depiction of a stalling of the relative climb of QQQ with respect to gold, raising the question of trouble ahead.
To answer your question, I think you own a bunch of overvalued “tech” stuff which is often garbage social controllish stuff and pretense. I personally do not find it attractive.
On the other hand if I suspect there is much that we like to overlook in our precious metals investments that if we were to scrutinize we might not like so much after all. I may risk getting banned with this comment, but I am not even too sure about gold itself, which for me is something like a lifelong sell to the greater fool investment.
Banned ?
What do you think this is facebook ?