Tom Nash

The Stock Market Bubble of 2023

Added 2023-07-31 10:23:43 +0000 UTC

Dear Patreon members. Over the past few weeks I keep hearing people say that the market is in a bubble. While CERTAIN BIG CAP TECH STOCKS ran up like crazy recently, the wider data simply doesn't show that we are in a bubble, and if anything it seems to be pointing to a bullish cycle going forward:

1) In February 2021, ARKK was trading at $160 and currently trading at $49.44.

2) S&P500 PE ratio was 41 in February 2021, and currently at 26.

3) The FED is at the tail end of the rate hikes and will probably pause for rest of 2023.

4) Banking crisis seems to be over

NVIDIA is a bubble right now, but that is a single case of a single stock. There are other example of stocks that are in a similar situation but the overall market? hardly in a bubble. Sorry bears.

Investors who were willing to DCA slowly over time in 2022 have been rewarded. That is all that happened (congrats to my PLTR and TSLA brothers and sisters)

Haters and cynics who have continued to shout that PLTR and Tesla (and the rest of the market) is a complete bubble, missed out on a lot of money already. They are awfully quiet right now...

The new complaint about the market bubble is a cope. Nothing more.

Relax and keep Dollar Cost Averaging into great companies.

Love

Tom