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I’ve seen chatter recently about how it would be a great time to buy stocks like Amazon and Facebook since they are “cheap” again due to the recent NASDAQ selloff. Umm, OK.
I’m of a different opinion. I’m short these two stocks (and 38 others), and I intend to hold on to them. Here’s Facebook:
Feeling bullish? Bearish? It doesn’t matter. I’ve got something for everyone today.
I’ve assembled below some interesting charts that help provide fodder for either argument. I’ll leave it to your judgment to determine which ones matter the most.
The first one is bearish, which is the USD/JPY. I think this is heading lower, and that would help drag equities down with it.
