Most overextended in 50 years
byu/theSilverVigilante inWallstreetsilver
Is it 2000 all over again Everybody? Yeahhttps://t.co/J6niUrQt4f https://t.co/q8b79X2uZX pic.twitter.com/yAJ1OZx53h
— Financelot (@FinanceLancelot) February 20, 2024
Google trends show record high searches for $NVDA options and #Nvidia stock
— The Punisher (of Wall ST) (@GregCrennan) February 20, 2024
BREAKING: Super Micro Computer, $SMCI, has now lost one third of its value since the February 16th top.
In less than 2 full trading days, $SMCI has lost ~$20 billion in market cap.
Still, the stock is trading at levels seen just 5 trading days ago.
Even with the decline since… pic.twitter.com/drVCaBK2By
— The Kobeissi Letter (@KobeissiLetter) February 20, 2024
$nvda pic.twitter.com/7t7Gm7oNyH
— The Coastal Journal (@1CoastalJournal) February 20, 2024
Bank credit has been contracting since July 2023 on a year-over-year basis. This puts pressure on companies because financing becomes more difficult, in addition to interest rates remaining high: https://t.co/uNcsQ9jYat
— Reef Insights (@ReefInsights) February 20, 2024