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Tech stocks rallied 20% into technical bull: hero or zero?
JPMorgan said the rally could run through the end of the year, which has pushed up the tech-heavy Nasdaq 100 index by over 20%. But Morgan S Show More
JPMorgan said the rally could run through the end of the year, which has pushed up the tech-heavy Nasdaq 100 index by over 20%. But Morgan Stanley strategists said that the sharp rally since June is just a pause in the bear market, predicting that share prices will slide in the second half of the year.
"False precision"
Some investors thought that a bull or a bear market shouldn’t be defined as a percentage change but as a process. As Burry pointed out, the Nasdaq rallied over 20% seven times during 2000-2002 period, which was an actualbear market.
What do you think?
Do you hold any tech stocks? How do you predict the future trend?
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