Stock Market Today: Bubbles Burst

September 8, 2020, 9:55 am EDT

Bubbles Burst

Tesla (TSLA) tumbled -18% as a sign of bubbles burst. Although this is just the beginning of the trend breaks, heavy volume may indicate much severe long-lasting effect. Technology suffers heavy sell-off including AAPL, AMZN. Nasdaq retreated about -2.5% and DJIA, S&P down about -1.7%. 

Excess splits from AAPL, TSLA and run-up from many technologies are overdue for major pullback or bubble bursting process. Watch out. 

Share This Post
Have your say!

Leave a Reply