Nasdaq, NYSE
It’s the Alphabet daily price chart that really gets me.
Hats off to shareholders of the company and, of course, there is nothing wrong with making lots of money from upward moving prices but…this action in the big cap Nasdaq 100 favorite is akin to the types of movement you typically see over in cryptocurrency land.
As I say, nothing wrong with straight up, typically. The problem is that a number of reasonably well-known names, not just the one formerly known as Google, are beginning to resemble Bitcoin
Bitcoin
The thing is, if you’ve been around for more than 20 years and you’ve been through a few cycles, you know how this ends. The volatility works in similar fashion on the way down and great weeping and moaning then won’t help. Anyway, keep an eye on these names and charts for future…
