Sell & Hold

During an interview with Thoughtful Money (link here), Ed Dowd says this about the A.I. bubble:

‘When it’s all said and done, Nvidia will be down by 80% – 90%’

This morning, the SOXX just printed a new daily high. Does that mean the reversal has been negated?

That depends on what happens next.

Semiconductor SOXX, Daily

We have the all time high and up-thrust. Then, the trend break (yesterday), and now the test.

Obviously, there’s a lot of volatility.

If this is ‘the’ reversal of the A. I. mania, possibly the largest bubble in market history, then action like this, is ‘normal’. 🙂

Just like Cisco Networks was chief cook and bottle washer back in the day, this time, it’s Nvidia.

When it was all said and done, CSCO declined over -90% (not advice, not a recommendation).

Stay Tuned

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