Tens of billions of dollars. You said thats it thats the top of tech the nasdaq was 4400 that week uber High Valuation Companies and use that as your justification to reposition your portfolio. Im not fan of it. Doesnt really work. It makes for better tv than it does for portfolio you dont take a step back and say its 100 times sales this thing has an incredible first day and you dont take a pause. Its not the whole landscape and say i dont think this is good weve seen a million kpaemexs of this. Its not in the s p 500. Investors dont own this in their 401 k its not an important stock. Its a great stock to watch fp lets address it in those terms. Now the stock is getting crowbared. Kramer makes a point. We have this tweet he had on nvidia as well and zoom. It underscores, if you will, i think, very well the landscape and what may be a pull back in some of these loved names especially over the last few months for what its worth, i dont know what octa does. I think that is indicative too
Industrials roared because Warren Buffett brought a precision cast parts . Judge big todays action, dow plummeting 212 points, nasdaq nosediving 1. 2 , nobody remembers as all these positives were undone in one horrendous session for the bulls. Now, last night i tried to be skeptical if not down right critical about the rally. Suggesting it could easily be repealed as the week went on. I didnt know it would be repealed immediately. But thats because i didnt think wed be dealing with a chinese currency devaluation that makes their goods cheaper to export and our goods more expensive to sell there. Yet thats exactly what happened. I want to put it in context so you can benefit from it but also so you can be concerned as i am about it and know what could come. First, china, chinas desperate. Chinese communist governments trying to put everyone to work while at the same time putting an end to the widespread corruption in business and politics. We keep hearing that china needs to grow its e