In @theallinpod , @DavidSacks talks about Chip stocks crashing and quips momentum vs fundamentals. If you review historical data, market tops are led by greed and leverage. Chip stocks 10x and buyers pile in with heavy leverage as the largest IPO spurring a euphoric buying spree that might lead to a climax and eventual, brutal bear. All the classic signs are here. 👉Big gains of over 10x. 👉Leverage buying from Korea and Leopold 👉IPOs of all IPOs: $SPCX Then the eventual crash of chip stocks of 40% liquidating all leverage plays and more. Now what? Most technicians say deadcat bounce. While fundamentalists say AI is the future and highlight Capex spending leading to continued growth. Next few weeks should shine some light on this puzzle.
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