3. r/Stocks Daily Discussion Wednesday - Mar 10, 2021

r/Stocks Daily Discussion Wednesday - Mar 10, 2021

Bear Case for QQQ tomorrow:

I believe that the drop in the NASDAQ had absolutely nothing to do with bond yield or inflation. I feel like that is proven by the following:

  • S&P 500 and Dow-Jones are both at all-time highs
  • Bears did not stop pushing the NASDAQ down after 2:00 PM, when it became clear that the bond yield and inflation were not legitimate concerns
  • The start of the NASDAQ's dip is timed to GME activity. The first dip came when GME became a major news story and the second dip came when DFV doubled-down on his investment.

I believe that the NASDAQ is actually dropping because of speculation on tech stocks, a prime example being TSLA. Stocks like TSLA have been pushed to unsustainably high levels, and now that the meme stock economy of retail investors have started focusing their attentions elsewhere, this bubble is exploding.

Incidentally, TSLA also started its free-fall drop after the GME short-squeeze.

For these reasons, I do not believe that the NASDAQ is going to go up significantly until, at the soonest, when stimulus checks are received by retail investors.

But I'm not 100% convinced. Talk me out of it.

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