SherylSim personal page - To The Moon

SherylSim

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2021-09-23

$PubMatic, Inc.(PUBM)$worth a shot?

2021-09-23

$Coupang, Inc.(CPNG)$gosh how low will this go?

2021-09-22

$WisdomTree China ex-State-Owned Enterprises Fund(CXSE)$worth to buy?

2021-09-22

$Coupang, Inc.(CPNG)$sigh

2021-09-21

$WisdomTree China ex-State-Owned Enterprises Fund(CXSE)$more

2021-09-21

$Digital Turbine(APPS)$let's go

2021-09-20

$Accenture PLC(ACN)$will it reach 500?

2021-09-20

$Digital Turbine(APPS)$let's hope it goes up more

2021-09-19

$Digital Turbine(APPS)$keep going

2021-09-18

$Apple(AAPL)$go higher

2021-09-18

$Coupang, Inc.(CPNG)$again

2021-09-16

$Apple(AAPL)$higher

2021-09-16

$Coupang, Inc.(CPNG)$sigh down again

2021-09-14

$Walt Disney(DIS)$long term potential

2021-09-13

$Palantir Technologies Inc.(PLTR)$how high can it go?

2021-09-12

$Apple(AAPL)$not going up as fast as other tech companies.. what's the long term potential of Apple?

2021-09-11

$Walt Disney(DIS)$long term potential?

2021-09-10

Hoping that it will go down first so that I can buy more

@bull06:$PubMatic, Inc.(PUBM)$once it hit 30, it will only go up

2021-09-10

$Digital Turbine(APPS)$higher!

2021-09-09

$Sea Ltd(SE)$wish it would drop more so that can buy

Go to Tiger App to see more news

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China ex-State-Owned Enterprises Fund(CXSE)$more","images":[{"img":"https://static.tigerbbs.com/e876f4c4a93338993de684cc4a69deed","width":"1080","height":"3162"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860214604","isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":860215903,"gmtCreate":1632182099502,"gmtModify":1676530718449,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>let's go","listText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>let's go","text":"$Digital Turbine(APPS)$let's go","images":[{"img":"https://static.tigerbbs.com/571b849ed2a6d5911ccafae810c8228f","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860215903","isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":860341523,"gmtCreate":1632141120862,"gmtModify":1676530708690,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ACN\">$Accenture PLC(ACN)$</a>will it reach 500?","listText":"<a href=\"https://laohu8.com/S/ACN\">$Accenture PLC(ACN)$</a>will it reach 500?","text":"$Accenture PLC(ACN)$will it reach 500?","images":[{"img":"https://static.tigerbbs.com/4b37fab5ec773176fcd1d52ba8a49628","width":"1080","height":"3162"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860341523","isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":860343998,"gmtCreate":1632141012114,"gmtModify":1676530708659,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>let's hope it goes up more","listText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>let's hope it goes up more","text":"$Digital Turbine(APPS)$let's hope it goes up more","images":[{"img":"https://static.tigerbbs.com/8350793cfc1148ed73d9d36d2e7c9bc6","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860343998","isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":887666364,"gmtCreate":1632028049358,"gmtModify":1676530689824,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>keep going","listText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>keep going","text":"$Digital Turbine(APPS)$keep 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higher","images":[{"img":"https://static.tigerbbs.com/983349e50cd0e2eea9179898b88621df","width":"1080","height":"3162"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/887392486","isVote":1,"tweetType":1,"viewCount":304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":887392513,"gmtCreate":1631971295932,"gmtModify":1676530680294,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CPNG\">$Coupang, Inc.(CPNG)$</a>again","listText":"<a href=\"https://laohu8.com/S/CPNG\">$Coupang, Inc.(CPNG)$</a>again","text":"$Coupang, 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tech companies.. what's the long term potential of Apple?","text":"$Apple(AAPL)$not going up as fast as other tech companies.. what's the long term potential of Apple?","images":[{"img":"https://static.tigerbbs.com/1261c0abe20c4966a95db7ecbb50ac68","width":"1080","height":"3162"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/888007901","isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":881824397,"gmtCreate":1631325235519,"gmtModify":1676530528714,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>long term potential?","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>long term potential?","text":"$Walt Disney(DIS)$long term potential?","images":[{"img":"https://static.tigerbbs.com/cf41b8982d6cb4b8a966e8ba84369580","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/881824397","isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":883778684,"gmtCreate":1631277812448,"gmtModify":1676530516720,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"Hoping that it will go down first so that I can buy more","listText":"Hoping that it will go down first so that I can buy more","text":"Hoping that it will go down first so that I can buy more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/883778684","repostId":"880162175","repostType":1,"repost":{"id":880162175,"gmtCreate":1631025716997,"gmtModify":1676530446941,"author":{"id":"3573389028443537","authorId":"3573389028443537","authorIdStr":"3573389028443537","name":"bull06","avatar":"https://static.tigerbbs.com/36d7ff58d1f9e86eea9b3d2a3bc25cba","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573389028443537"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PUBM\">$PubMatic, Inc.(PUBM)$</a>once it hit 30, it will only go up","listText":"<a href=\"https://laohu8.com/S/PUBM\">$PubMatic, Inc.(PUBM)$</a>once it hit 30, it will only go up","text":"$PubMatic, Inc.(PUBM)$once it hit 30, it will only go 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Technologies Inc.(PLTR)$how high can it go?","images":[{"img":"https://static.tigerbbs.com/6b828bc547010acbc3d51d3dd8cbb00b","width":"1080","height":"2259"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/888690863","isVote":1,"tweetType":1,"viewCount":272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":812759812,"gmtCreate":1630626675736,"gmtModify":1676530358155,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>shld have bought it when price was lower","listText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>shld have bought it when price was lower","text":"$Sea Ltd(SE)$shld have bought it when price was lower","images":[{"img":"https://static.tigerbbs.com/d88c315b518711d78326328fc1d5e70d","width":"1080","height":"3268"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/812759812","isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":860343998,"gmtCreate":1632141012114,"gmtModify":1676530708659,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>let's hope it goes up more","listText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>let's hope it goes up more","text":"$Digital Turbine(APPS)$let's hope it goes up more","images":[{"img":"https://static.tigerbbs.com/8350793cfc1148ed73d9d36d2e7c9bc6","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860343998","isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":814425680,"gmtCreate":1630879748840,"gmtModify":1676530408039,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>will it go higher?","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>will it go higher?","text":"$Walt Disney(DIS)$will it go higher?","images":[{"img":"https://static.tigerbbs.com/1c197fd9828cd03b164edd5742d2693f","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/814425680","isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":837816103,"gmtCreate":1629873198802,"gmtModify":1676530158590,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>seems to be going up..","listText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>seems to be going up..","text":"$Digital Turbine(APPS)$seems to be going up..","images":[{"img":"https://static.tigerbbs.com/a9b78598eafa7f933ae5383e3985123d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/837816103","isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":831710291,"gmtCreate":1629348152913,"gmtModify":1676530010852,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>come on","listText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>come on","text":"$Digital Turbine(APPS)$come on","images":[{"img":"https://static.tigerbbs.com/98ebfe85ce46bb104efbb9c506b4d750","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/831710291","isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":175691360,"gmtCreate":1627027668450,"gmtModify":1703482708691,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>higher pls","listText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>higher pls","text":"$Digital Turbine(APPS)$higher pls","images":[{"img":"https://static.tigerbbs.com/d2c6795bff1d45a257d7226396b0e8ae","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/175691360","isVote":1,"tweetType":1,"viewCount":30,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":198714906,"gmtCreate":1620990457305,"gmtModify":1704351612622,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"Hmm would tesla do well in the long run?","listText":"Hmm would tesla do well in the long run?","text":"Hmm would tesla do well in the long run?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198714906","repostId":"1160917868","repostType":4,"repost":{"id":"1160917868","pubTimestamp":1620987895,"share":"https://ttm.financial/m/news/1160917868?lang=&edition=fundamental","pubTime":"2021-05-14 18:24","market":"us","language":"en","title":"Tesla may be much worse off in China than anyone thought","url":"https://stock-news.laohu8.com/highlight/detail?id=1160917868","media":"cnn","summary":"New York Tesla's Chinese sales last month were much weaker than they originally appeared.Although Tesla does not report monthly sales or regional revenue, the China Passenger Car Association earlier this week estimated Tesla's Chinese sales were down 27% from March to just under 26,000 cars — much worse than the overall 10% decline in China's electric vehicle sales overall.But that's not the full story: The trade group later clarified that its April figure includes sales of vehicles built in Chi","content":"<p>New York (CNN Business)Tesla's Chinese sales last month were much weaker than they originally appeared.</p>\n<p>Although Tesla does not report monthly sales or regional revenue, the China Passenger Car Association earlier this week estimated Tesla's Chinese sales were down 27% from March to just under 26,000 cars — much worse than the overall 10% decline in China's electric vehicle sales overall.</p>\n<p>But that's not the full story: The trade group later clarified that its April figure includes sales of vehicles built in China but exported to other markets. More than half of the Teslas initially reported as Chinese sales — 14,174 — were exported.</p>\n<p>That's potentially a serious problem for Tesla, which opened its second auto assembly plant in Shanghai in late 2019 specifically to serve the crucial Chinese market. China is the world's largest market for overall car sales, and electric vehicles make up a much bigger share of auto sales than in any other major market — about 4.5% in 2020, more than twice the EV share of the US car market last year.</p>\n<p>Tesla's sales to Chinese buyers plunged by more than 60% between March and April, according to independent Chinese EV analyst Zhu Yulong. Newly insured Tesla vehicles fell to just under 12,000 vehicles in April from about 34,500 in March, Yulong reported. Those numbers correspond closely to the CPCA's non-export number in April, and total number in March.</p>\n<p><b>Why Tesla sales are plummeting in China</b></p>\n<p>Yulong believes that the drop in sales is due to bad publicity that Tesla has suffered in the Chinese market since the start of April.</p>\n<p>Customers protested the company at China's largest auto show in Shanghai last month, complaining about problems with their cars. The company also has five Chinese regulatory agencies investigating the quality of its Shanghai-made Model 3 cars. Chinese media also reported that China's military had banned Tesla vehicles from entering its complexes, expressing concerns that onboard cameras could be used for spying — a charge Tesla CEO Elon Musk has denied.</p>\n<p>\"Tesla has suffered really strong negative coverage recently. It has damaged its sales,\" Yulong wrote in a recent analysis.</p>\n<p>Tesla critics in the United States were quick to point out that the weaker sales numbers represent a sign of trouble for the automaker's bottom line.</p>\n<p>\"Keep in mind that the negative state-affiliated media campaign inside China around Tesla's car quality didn't begin until late April,\" noted Gordon Johnson of GLJ Research, one of the harshest critics of Tesla. \"So the impact (whatever that may be) likely won't be seen until May/June 2021 sales figures are out.\"</p>\n<p><b>Tumbling shares</b></p>\n<p>Tesla (TSLA) shares have been falling this week on worries about its Chinese sales, and on a report from Reuters earlier that Tesla has decided not to buy land next to its Shanghai plant for possible future expansion.</p>\n<p>Shares fell 2% on Tuesday when the initial figures from CPCA suggested a 27% drop in Chinese sales, were down another 4% Wednesday and closed down 3% Thursday.</p>\n<p>A spectacular 743% share price gain in 2020 made Tesla one of the most valuable US companies of any kind and by far the world's most valuable automaker, worth as much as the six largest automakers combined.</p>\n<p>But after continuing that run in the first few weeks of 2021, shares topped out in late January after the company reported slightly disappointing fourth quarter earnings. Tesla shares have lost a third of their value through Wednesday's close from their record high close in late January, sending the stock into bear market territory.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla may be much worse off in China than anyone thought</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla may be much worse off in China than anyone thought\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 18:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/05/13/business/tesla-china-sales-decline/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Tesla's Chinese sales last month were much weaker than they originally appeared.\nAlthough Tesla does not report monthly sales or regional revenue, the China Passenger Car ...</p>\n\n<a href=\"https://edition.cnn.com/2021/05/13/business/tesla-china-sales-decline/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://edition.cnn.com/2021/05/13/business/tesla-china-sales-decline/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160917868","content_text":"New York (CNN Business)Tesla's Chinese sales last month were much weaker than they originally appeared.\nAlthough Tesla does not report monthly sales or regional revenue, the China Passenger Car Association earlier this week estimated Tesla's Chinese sales were down 27% from March to just under 26,000 cars — much worse than the overall 10% decline in China's electric vehicle sales overall.\nBut that's not the full story: The trade group later clarified that its April figure includes sales of vehicles built in China but exported to other markets. More than half of the Teslas initially reported as Chinese sales — 14,174 — were exported.\nThat's potentially a serious problem for Tesla, which opened its second auto assembly plant in Shanghai in late 2019 specifically to serve the crucial Chinese market. China is the world's largest market for overall car sales, and electric vehicles make up a much bigger share of auto sales than in any other major market — about 4.5% in 2020, more than twice the EV share of the US car market last year.\nTesla's sales to Chinese buyers plunged by more than 60% between March and April, according to independent Chinese EV analyst Zhu Yulong. Newly insured Tesla vehicles fell to just under 12,000 vehicles in April from about 34,500 in March, Yulong reported. Those numbers correspond closely to the CPCA's non-export number in April, and total number in March.\nWhy Tesla sales are plummeting in China\nYulong believes that the drop in sales is due to bad publicity that Tesla has suffered in the Chinese market since the start of April.\nCustomers protested the company at China's largest auto show in Shanghai last month, complaining about problems with their cars. The company also has five Chinese regulatory agencies investigating the quality of its Shanghai-made Model 3 cars. Chinese media also reported that China's military had banned Tesla vehicles from entering its complexes, expressing concerns that onboard cameras could be used for spying — a charge Tesla CEO Elon Musk has denied.\n\"Tesla has suffered really strong negative coverage recently. It has damaged its sales,\" Yulong wrote in a recent analysis.\nTesla critics in the United States were quick to point out that the weaker sales numbers represent a sign of trouble for the automaker's bottom line.\n\"Keep in mind that the negative state-affiliated media campaign inside China around Tesla's car quality didn't begin until late April,\" noted Gordon Johnson of GLJ Research, one of the harshest critics of Tesla. \"So the impact (whatever that may be) likely won't be seen until May/June 2021 sales figures are out.\"\nTumbling shares\nTesla (TSLA) shares have been falling this week on worries about its Chinese sales, and on a report from Reuters earlier that Tesla has decided not to buy land next to its Shanghai plant for possible future expansion.\nShares fell 2% on Tuesday when the initial figures from CPCA suggested a 27% drop in Chinese sales, were down another 4% Wednesday and closed down 3% Thursday.\nA spectacular 743% share price gain in 2020 made Tesla one of the most valuable US companies of any kind and by far the world's most valuable automaker, worth as much as the six largest automakers combined.\nBut after continuing that run in the first few weeks of 2021, shares topped out in late January after the company reported slightly disappointing fourth quarter earnings. Tesla shares have lost a third of their value through Wednesday's close from their record high close in late January, sending the stock into bear market territory.","news_type":1},"isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885908174,"gmtCreate":1631749377698,"gmtModify":1676530623111,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CPNG\">$Coupang, Inc.(CPNG)$</a>sigh down again","listText":"<a href=\"https://laohu8.com/S/CPNG\">$Coupang, Inc.(CPNG)$</a>sigh down again","text":"$Coupang, Inc.(CPNG)$sigh down again","images":[{"img":"https://static.tigerbbs.com/e0b5fc21a5b45acf49f4027e4db173fe","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/885908174","isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":889674914,"gmtCreate":1631148369038,"gmtModify":1676530479560,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>wish it would drop more so that can buy","listText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>wish it would drop more so that can buy","text":"$Sea Ltd(SE)$wish it would drop more so that can buy","images":[{"img":"https://static.tigerbbs.com/e63dd6c59e3e885b9064f168de737315","width":"1080","height":"3268"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889674914","isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":831364395,"gmtCreate":1629289923317,"gmtModify":1676529992292,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>buying the drop. Fingers crossed","listText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>buying the drop. Fingers crossed","text":"$Digital Turbine(APPS)$buying the drop. Fingers crossed","images":[{"img":"https://static.tigerbbs.com/d7e69bede4dee1cc5663d78c114faa5d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831364395","isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":890536783,"gmtCreate":1628123053242,"gmtModify":1703501557383,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"300 by this mth?","listText":"300 by this mth?","text":"300 by this mth?","images":[{"img":"https://static.tigerbbs.com/6b2ff31355b01e92e72b604b56c1078f","width":"1080","height":"3268"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/890536783","isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":171939776,"gmtCreate":1626701689895,"gmtModify":1703763598802,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>to buy or not to buy","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>to buy or not to buy","text":"$Walt Disney(DIS)$to buy or not to buy","images":[{"img":"https://static.tigerbbs.com/8eaebf5a6d646c5e88fa31a2160efdec","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/171939776","isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":147243209,"gmtCreate":1626361018201,"gmtModify":1703758733860,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"When is the question","listText":"When is the question","text":"When is the question","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147243209","repostId":"1155093230","repostType":4,"repost":{"id":"1155093230","pubTimestamp":1626359281,"share":"https://ttm.financial/m/news/1155093230?lang=&edition=fundamental","pubTime":"2021-07-15 22:28","market":"us","language":"en","title":"The Big Crash Is Imminent","url":"https://stock-news.laohu8.com/highlight/detail?id=1155093230","media":"seekingalpha","summary":"Summary\n\nThe continuous easing of monetary policy inflated various stocks to levels last seen during","content":"<p><b>Summary</b></p>\n<ul>\n <li>The continuous easing of monetary policy inflated various stocks to levels last seen during the dot.com bubble in 2000.</li>\n <li>The bubble is relatively concentrated and doesn't necessarily pose threats to the market as a whole.</li>\n <li>While it is clear that there is a strong deviation from historical valuation norms, valuations could continue to rise (at least in the short term).</li>\n <li>This article is not meant as fear-mongering, and I may very possibly be wrong about my hypothesis.</li>\n</ul>\n<p>It seems that the talk about whether we are in another Tech bubble has been going on for many years. Articles and news calling for the 'crash of the decade' have been condemned as fear-mongering with little substance to them. After all, technology stocks kept on rising, and those who listened missed out on impressive gains. Now, generally speaking, neither have I been too worried about valuations in the best, as fundamentals towards Technology in our society are simply too strong.</p>\n<p>However, a lot has changed over the course of the pandemic, which has led me to rethink my perspective. As the global pandemic shut down economies around the world and caused substantial economic contraction, federal banks counteracted by injecting trillions of dollars into the economy in the form of stimulus checks, grants, loans, etc. As a result, fresh liquidity immediately reflected itself in stocks and other market instruments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c688f97bd5e513daa2e0c76d5ace6a1c\" tg-width=\"1845\" tg-height=\"651\" referrerpolicy=\"no-referrer\"><span>Source: Bloomberg</span></p>\n<p>Throughout this article, I want to demonstrate a few graphs to strengthen my argument, with the chart above being the first one. The Nasdaq 100 is perhaps the most common index to track the technology market, although it only includes profitable and large-cap Tech stocks. On average, the index currently holds a Price to Sales ratio of 5.7x, levels that the Index last saw in early 2001 after the dot.com bubble began to bust.</p>\n<p>It is important to note that at the height of the bubble, the ratio stood at 7.5x, around 30% higher than it is right now. Still, the median valuation has been trailing significantly lower, at around 3.5x over the last 20 years. Of course, it can be argued that Technology deserves a higher valuation these days due to the increased use of Technology and perhaps higher growth rates. However, should Technology valuations be nearly 100% higher than just 5 years ago, in 2016, where Technology integration was pretty much at the same level as today?</p>\n<p>Profitability</p>\n<p>In recent years, unprofitable but growing companies have been favored over mature and profitable companies. Usually, rotations from Growth to Value or the other way around occur every 2-5 years, which is totally unsurprising. Historically, in terms of performance, there has been no significant difference in terms of returns on a risk-adjusted basis - it really does depend on the time period of investing. That said, in the last 5 years, growth outperformed value by a wide margin - by 105% to be exact. I derived this from the 5-year performance chart of Vanguard's Growth ETF vs. Vanguard's Value ETF. This compares with an expected anomaly of 5% annually or a 28% expected anomaly for a 5-year time period.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02ae7e7ebc11fdc907d363cb5da38576\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"><span>Source: Leuthold Group</span></p>\n<p>Unsurprisingly, the number and market value of unprofitable companies has skyrocketed throughout the last couple of years. Here, the total number of unprofitable firms has skyrocketed to over 200, while their combined value handily beats 2000 levels, reaching nearly $2.5 trillion (3 times higher than in 2000). Of course, there is more money in circulation today, so when accounting for the dollar's real value, they are at comparable levels. Again, either way you twist it, there is a significant anomaly in the value of unprofitable companies in the stock market.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5804bc535329d20e013417a7e3f95614\" tg-width=\"500\" tg-height=\"357\" referrerpolicy=\"no-referrer\"><span>Source: FT</span></p>\n<p>As a result, startups have utilized the opportunity to raise as much money as possible by going public. In total, nearly 900 companies in the U.S. have gone public in 2021, raising over $202 billion collectively. Before, the previous record was set in 2000, when around 600 companies rang the bell. What's even more frightening is the fact that a large portion of IPOs went public through special-purpose acquisition companies (SPACs). Many of these companies were acquired early on, with the only objective to go public as soon as possible. Here, various blank-check companies generate little or no revenues and face a rockier path to raising money through traditional IPOs.</p>\n<p>Today's Bubble</p>\n<p>Frankly, today's bubble is fundamentally different from the 2000 bubble, although there are striking similarities. Arguably, the dot.com bubble revolved purely around Internet stocks. Today, the bubble is much broader, ranging from old written-off industries to Consumer Tech, being concentrated on Cybersecurity. This makes sense, considering Cybersecurity is a quickly evolving industry with potentially billions of earnings for future winners in the space. The same applies to E-commerce, Fintech, Cloud Computing, Gene Editing, and other major future industries.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/68b42d04a15d16c506a4abf4feb58df0\" tg-width=\"635\" tg-height=\"518\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>This brings me to my next chart: High-flying stars of the early Internet era traded at similar multiples to cloud computing stars of today (when adjusted for monetary changes). However, early market leaders tend to lose competitive advantages in rising industries, in what someresearchersrefer to as \"First to Market First to Fail.\" Here, early entrants typically bury the greatest market and technological uncertainties.</p>\n<p>In other words, no one knows yet how our new industries will look like and how consumer trends will evolve. For instance, Facebook(NASDAQ:FB)was the 10th social networking company, Google(NASDAQ:GOOG)(NASDAQ:GOOGL)the 12th search engine, etc. Thus, today's most promising companies are unlikely to be the most promising companies 10 years from now. It is therefore questionable if current valuations can be supported in the long term.</p>\n<p>This is where I want to introduce Cisco's(NASDAQ:CSCO)example from 1999. At the time, the dominating Internet company briefly became the world's mostvaluablecompany, boasting a market cap of $569 billion. Certainly, the market wasn't being crazy at the time, considering Cisco's impressive growth rates and a trillion dollars industry ahead that was changing the world. An extract from Cisco's annual report in 1999:</p>\n<blockquote>\n \"Cisco predicted that the Internet would change the way we work, live, play, and learn. For the fiscal year ending July 31, 1999, Cisco reported revenue of $12.15 billion, a 43 percent increase compared with revenue of $8.49 billion in fiscal 1998. Net income for the year was $2.10 billion or $0.62 per common share, compared with fiscal 1998 net income of $1.35 billion or $0.42 per common share. - CiscoAnnual Report1999\"\n</blockquote>\n<p>Now, at the height of Cisco's valuation, the stock was trading at around 35 times Price to Sales, which is comparable to today's valuations, considering gross margins and growth rates. As with every new industry, competition eventually took market share from Cisco and crushed growth rates, leading to a sequential 87% drop in its share price. Although shares somewhat recovered, Cisco is still trading some 33% below all-time highs 22 years later.</p>\n<p><b>\"Cisco Could Be Safest Net Play Around\" -Bloomberg 1999</b></p>\n<p>Again, that does not necessarily mean that the same will happen to today's stars. After all, early winners like Amazon(NASDAQ:AMZN)and Microsoft(NASDAQ:MSFT)eventually recovered and are now trading well above dot.com levels. However, it is quite unlikely that all of today's stars will also be tomorrow's stars.</p>\n<p>Inflation...</p>\n<p>Arguably, inflation serves as one of the biggest investment risks in today's market. It was somewhat expected that inflation would tick up once the economy starts to recover with consumer spending skyrocketing. In this regard, the consumer price index rose by 5.4% in June, the highest since August 2008. That is well above the 5% rise reported in May and higher than the 4.9% increase that economists initially forecast. This challenges the Federal Reserve's hopes that the burst of inflationary pressures accompanying the economic reopening will be of temporary nature. Earlier, investors and economists have scrutinized the Federal Reserve's aggressive fiscal and monetary policy.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f507c5687771a8a8de99a914be11665\" tg-width=\"640\" tg-height=\"411\" referrerpolicy=\"no-referrer\"><span>Source: Twitter</span></p>\n<p>Fiscal and monetary policy usually serve as driving factors for the creation of bubbles and are simultaneously responsible for their destruction. For instance, in 2000, the Federal Reserve raised interest rates several times; these actions are believed to have caused the bursting of the dot-com bubble. Interestingly, after the Federal Reserve raised interest rates, stocks initially rallied. If we draw comparisons, a similar price movement can be observed today in Tech stocks, particularly growth stocks. Here, prominent names have been rising by 50% or more since May, despite the Fedwarningof higher interest rates and the potential for 'significant declines' in asset prices as valuations continue to climb.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a305d90c1f4751d0267c01347a54a33\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>That said, Fed President Jim Bullard expects the first interest rate hike coming as soon as 2022, which would be even faster than the consensusexpectationfor the first increase to happen in 2023. Earlier in March, officials initially indicated that they see no increase happening until at least 2024. In other words, in a matter of months, the timeline for a rate hike has shifted forward by 2 years. Thus, the next few months will be crucial to determine which way the timeline will shift; for now, it appears that the prior date is more likely.</p>\n<p>What about Big Tech?</p>\n<p>The question remains whether Big Tech stocks will be as severely affected during a notable pullback. Interestingly, except Apple(NASDAQ:AAPL)and Microsoft, FAANG members, including Facebook, Amazon, and Netflix(NASDAQ:NFLX), have been trailing behind in terms of performance, being reflected in the given valuations. Only Apple and Microsoft saw a notable valuation expansion in every significant metric out of the prominent Big Tech names. Here, Apple's P/E and P/S ratio nearly tripled over the last 5 years from 10x to 32x and 2.5x to 7.5x, respectively. These are historical valuation levels and dwarf the valuation expansions of Microsoft and Alphabet, which are supported by growing profitability over the years. However, it should be noticed that Apple's Price to Book Value disproportionately increased as a result of share buybacks.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/596471096e40e42abea97e9ed5a0a6d6\" tg-width=\"635\" tg-height=\"501\"><span>Data by YCharts</span></p>\n<p>On the other hand, Facebook and Amazon observed no significant valuation expansion, which can be tied back to regulatory scrutiny and an overall rotation towards high-growth stocks. Thus, since their market betas are lower than other Tech stocks mentioned earlier, these stocks can serve as a safe haven, at least to some extent. However, an overall drop in the market will lead to short-term weakness in every Technology stock, undervalued or not. Nevertheless, stocks that have underperformed in the rally over the last five years are more likely to outperform during a downturn. Moreover, large Tech companies are less sensitive to higher inflation as they will earn higher interest on their cash reserves.</p>\n<p>So What?</p>\n<p>The stock market is always driven by two contradicting emotions: Fear and Optimism. Over the last couple of years, optimism has clearly dominated the Growth/Technology market, yielding impressive returns and widely outperforming stable but profitable companies. However, valuation growth exceeded business growth for many high-growth companies, making various stocks appear increasingly overvalued. While higher valuations can be supported by the acceleration of Technology in the future, striking similarities of the Tech bubble in 2000 make me increasingly cautious of today's market environment.</p>\n<p>Bubble or not, many graphs point to a significant anomaly in valuations, and it will be difficult for companies to justify these sorts of valuations in the long term. More importantly, a heating economy with rising inflation will pressure the Federal Reserve to raise interest rates to prevent an economic contraction.</p>\n<p>Nonetheless, investors can protect themselves by rotating back into stable value stocks or Big Tech companies that have underperformed on a relative basis. The issue with every insurance is that you are only being paid in the case of a crash, quite literally. After all, valuations of high-growth stocks could continue rising and those not invested miss out on potential gains. Another viable option could be to rotate back into cash, but the same prior issue applies here. Even those who decide to short stocks have to be careful since an upside ceiling doesn't exist in the market.</p>\n<p>This is the point where I would like to address the risks of my thesis: First, inflation may stabilize quicker than expected, which would push a potential interest rate hike back to 2024 or later. In this case, money will continue to be cheap, which will support higher valuations and the growth market in general. Secondly, companies can scale somewhat faster today, making a historical valuation comparison to early years less relevant. Lastly, I could be underappreciating given growth rates and the ability of management to shake off competition in the long run. Still, given the various uncertainties around valuations, I am more fearful than optimistic at the moment.</p>\n<p>In either way, if you have a different opinion or any counterarguments to my thesis, I'm happy to hear about it in the comment section!</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Big Crash Is Imminent</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Big Crash Is Imminent\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 22:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4439223-the-big-crash-is-imminent><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe continuous easing of monetary policy inflated various stocks to levels last seen during the dot.com bubble in 2000.\nThe bubble is relatively concentrated and doesn't necessarily pose ...</p>\n\n<a href=\"https://seekingalpha.com/article/4439223-the-big-crash-is-imminent\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/article/4439223-the-big-crash-is-imminent","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1155093230","content_text":"Summary\n\nThe continuous easing of monetary policy inflated various stocks to levels last seen during the dot.com bubble in 2000.\nThe bubble is relatively concentrated and doesn't necessarily pose threats to the market as a whole.\nWhile it is clear that there is a strong deviation from historical valuation norms, valuations could continue to rise (at least in the short term).\nThis article is not meant as fear-mongering, and I may very possibly be wrong about my hypothesis.\n\nIt seems that the talk about whether we are in another Tech bubble has been going on for many years. Articles and news calling for the 'crash of the decade' have been condemned as fear-mongering with little substance to them. After all, technology stocks kept on rising, and those who listened missed out on impressive gains. Now, generally speaking, neither have I been too worried about valuations in the best, as fundamentals towards Technology in our society are simply too strong.\nHowever, a lot has changed over the course of the pandemic, which has led me to rethink my perspective. As the global pandemic shut down economies around the world and caused substantial economic contraction, federal banks counteracted by injecting trillions of dollars into the economy in the form of stimulus checks, grants, loans, etc. As a result, fresh liquidity immediately reflected itself in stocks and other market instruments.\nSource: Bloomberg\nThroughout this article, I want to demonstrate a few graphs to strengthen my argument, with the chart above being the first one. The Nasdaq 100 is perhaps the most common index to track the technology market, although it only includes profitable and large-cap Tech stocks. On average, the index currently holds a Price to Sales ratio of 5.7x, levels that the Index last saw in early 2001 after the dot.com bubble began to bust.\nIt is important to note that at the height of the bubble, the ratio stood at 7.5x, around 30% higher than it is right now. Still, the median valuation has been trailing significantly lower, at around 3.5x over the last 20 years. Of course, it can be argued that Technology deserves a higher valuation these days due to the increased use of Technology and perhaps higher growth rates. However, should Technology valuations be nearly 100% higher than just 5 years ago, in 2016, where Technology integration was pretty much at the same level as today?\nProfitability\nIn recent years, unprofitable but growing companies have been favored over mature and profitable companies. Usually, rotations from Growth to Value or the other way around occur every 2-5 years, which is totally unsurprising. Historically, in terms of performance, there has been no significant difference in terms of returns on a risk-adjusted basis - it really does depend on the time period of investing. That said, in the last 5 years, growth outperformed value by a wide margin - by 105% to be exact. I derived this from the 5-year performance chart of Vanguard's Growth ETF vs. Vanguard's Value ETF. This compares with an expected anomaly of 5% annually or a 28% expected anomaly for a 5-year time period.\nSource: Leuthold Group\nUnsurprisingly, the number and market value of unprofitable companies has skyrocketed throughout the last couple of years. Here, the total number of unprofitable firms has skyrocketed to over 200, while their combined value handily beats 2000 levels, reaching nearly $2.5 trillion (3 times higher than in 2000). Of course, there is more money in circulation today, so when accounting for the dollar's real value, they are at comparable levels. Again, either way you twist it, there is a significant anomaly in the value of unprofitable companies in the stock market.\nSource: FT\nAs a result, startups have utilized the opportunity to raise as much money as possible by going public. In total, nearly 900 companies in the U.S. have gone public in 2021, raising over $202 billion collectively. Before, the previous record was set in 2000, when around 600 companies rang the bell. What's even more frightening is the fact that a large portion of IPOs went public through special-purpose acquisition companies (SPACs). Many of these companies were acquired early on, with the only objective to go public as soon as possible. Here, various blank-check companies generate little or no revenues and face a rockier path to raising money through traditional IPOs.\nToday's Bubble\nFrankly, today's bubble is fundamentally different from the 2000 bubble, although there are striking similarities. Arguably, the dot.com bubble revolved purely around Internet stocks. Today, the bubble is much broader, ranging from old written-off industries to Consumer Tech, being concentrated on Cybersecurity. This makes sense, considering Cybersecurity is a quickly evolving industry with potentially billions of earnings for future winners in the space. The same applies to E-commerce, Fintech, Cloud Computing, Gene Editing, and other major future industries.\nData by YCharts\nThis brings me to my next chart: High-flying stars of the early Internet era traded at similar multiples to cloud computing stars of today (when adjusted for monetary changes). However, early market leaders tend to lose competitive advantages in rising industries, in what someresearchersrefer to as \"First to Market First to Fail.\" Here, early entrants typically bury the greatest market and technological uncertainties.\nIn other words, no one knows yet how our new industries will look like and how consumer trends will evolve. For instance, Facebook(NASDAQ:FB)was the 10th social networking company, Google(NASDAQ:GOOG)(NASDAQ:GOOGL)the 12th search engine, etc. Thus, today's most promising companies are unlikely to be the most promising companies 10 years from now. It is therefore questionable if current valuations can be supported in the long term.\nThis is where I want to introduce Cisco's(NASDAQ:CSCO)example from 1999. At the time, the dominating Internet company briefly became the world's mostvaluablecompany, boasting a market cap of $569 billion. Certainly, the market wasn't being crazy at the time, considering Cisco's impressive growth rates and a trillion dollars industry ahead that was changing the world. An extract from Cisco's annual report in 1999:\n\n \"Cisco predicted that the Internet would change the way we work, live, play, and learn. For the fiscal year ending July 31, 1999, Cisco reported revenue of $12.15 billion, a 43 percent increase compared with revenue of $8.49 billion in fiscal 1998. Net income for the year was $2.10 billion or $0.62 per common share, compared with fiscal 1998 net income of $1.35 billion or $0.42 per common share. - CiscoAnnual Report1999\"\n\nNow, at the height of Cisco's valuation, the stock was trading at around 35 times Price to Sales, which is comparable to today's valuations, considering gross margins and growth rates. As with every new industry, competition eventually took market share from Cisco and crushed growth rates, leading to a sequential 87% drop in its share price. Although shares somewhat recovered, Cisco is still trading some 33% below all-time highs 22 years later.\n\"Cisco Could Be Safest Net Play Around\" -Bloomberg 1999\nAgain, that does not necessarily mean that the same will happen to today's stars. After all, early winners like Amazon(NASDAQ:AMZN)and Microsoft(NASDAQ:MSFT)eventually recovered and are now trading well above dot.com levels. However, it is quite unlikely that all of today's stars will also be tomorrow's stars.\nInflation...\nArguably, inflation serves as one of the biggest investment risks in today's market. It was somewhat expected that inflation would tick up once the economy starts to recover with consumer spending skyrocketing. In this regard, the consumer price index rose by 5.4% in June, the highest since August 2008. That is well above the 5% rise reported in May and higher than the 4.9% increase that economists initially forecast. This challenges the Federal Reserve's hopes that the burst of inflationary pressures accompanying the economic reopening will be of temporary nature. Earlier, investors and economists have scrutinized the Federal Reserve's aggressive fiscal and monetary policy.\nSource: Twitter\nFiscal and monetary policy usually serve as driving factors for the creation of bubbles and are simultaneously responsible for their destruction. For instance, in 2000, the Federal Reserve raised interest rates several times; these actions are believed to have caused the bursting of the dot-com bubble. Interestingly, after the Federal Reserve raised interest rates, stocks initially rallied. If we draw comparisons, a similar price movement can be observed today in Tech stocks, particularly growth stocks. Here, prominent names have been rising by 50% or more since May, despite the Fedwarningof higher interest rates and the potential for 'significant declines' in asset prices as valuations continue to climb.\nData by YCharts\nThat said, Fed President Jim Bullard expects the first interest rate hike coming as soon as 2022, which would be even faster than the consensusexpectationfor the first increase to happen in 2023. Earlier in March, officials initially indicated that they see no increase happening until at least 2024. In other words, in a matter of months, the timeline for a rate hike has shifted forward by 2 years. Thus, the next few months will be crucial to determine which way the timeline will shift; for now, it appears that the prior date is more likely.\nWhat about Big Tech?\nThe question remains whether Big Tech stocks will be as severely affected during a notable pullback. Interestingly, except Apple(NASDAQ:AAPL)and Microsoft, FAANG members, including Facebook, Amazon, and Netflix(NASDAQ:NFLX), have been trailing behind in terms of performance, being reflected in the given valuations. Only Apple and Microsoft saw a notable valuation expansion in every significant metric out of the prominent Big Tech names. Here, Apple's P/E and P/S ratio nearly tripled over the last 5 years from 10x to 32x and 2.5x to 7.5x, respectively. These are historical valuation levels and dwarf the valuation expansions of Microsoft and Alphabet, which are supported by growing profitability over the years. However, it should be noticed that Apple's Price to Book Value disproportionately increased as a result of share buybacks.\nData by YCharts\nOn the other hand, Facebook and Amazon observed no significant valuation expansion, which can be tied back to regulatory scrutiny and an overall rotation towards high-growth stocks. Thus, since their market betas are lower than other Tech stocks mentioned earlier, these stocks can serve as a safe haven, at least to some extent. However, an overall drop in the market will lead to short-term weakness in every Technology stock, undervalued or not. Nevertheless, stocks that have underperformed in the rally over the last five years are more likely to outperform during a downturn. Moreover, large Tech companies are less sensitive to higher inflation as they will earn higher interest on their cash reserves.\nSo What?\nThe stock market is always driven by two contradicting emotions: Fear and Optimism. Over the last couple of years, optimism has clearly dominated the Growth/Technology market, yielding impressive returns and widely outperforming stable but profitable companies. However, valuation growth exceeded business growth for many high-growth companies, making various stocks appear increasingly overvalued. While higher valuations can be supported by the acceleration of Technology in the future, striking similarities of the Tech bubble in 2000 make me increasingly cautious of today's market environment.\nBubble or not, many graphs point to a significant anomaly in valuations, and it will be difficult for companies to justify these sorts of valuations in the long term. More importantly, a heating economy with rising inflation will pressure the Federal Reserve to raise interest rates to prevent an economic contraction.\nNonetheless, investors can protect themselves by rotating back into stable value stocks or Big Tech companies that have underperformed on a relative basis. The issue with every insurance is that you are only being paid in the case of a crash, quite literally. After all, valuations of high-growth stocks could continue rising and those not invested miss out on potential gains. Another viable option could be to rotate back into cash, but the same prior issue applies here. Even those who decide to short stocks have to be careful since an upside ceiling doesn't exist in the market.\nThis is the point where I would like to address the risks of my thesis: First, inflation may stabilize quicker than expected, which would push a potential interest rate hike back to 2024 or later. In this case, money will continue to be cheap, which will support higher valuations and the growth market in general. Secondly, companies can scale somewhat faster today, making a historical valuation comparison to early years less relevant. Lastly, I could be underappreciating given growth rates and the ability of management to shake off competition in the long run. Still, given the various uncertainties around valuations, I am more fearful than optimistic at the moment.\nIn either way, if you have a different opinion or any counterarguments to my thesis, I'm happy to hear about it in the comment section!","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869193764,"gmtCreate":1632265353058,"gmtModify":1676530736258,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CXSE\">$WisdomTree China ex-State-Owned Enterprises Fund(CXSE)$</a>worth to buy?","listText":"<a href=\"https://laohu8.com/S/CXSE\">$WisdomTree China ex-State-Owned Enterprises Fund(CXSE)$</a>worth to buy?","text":"$WisdomTree China ex-State-Owned Enterprises Fund(CXSE)$worth to buy?","images":[{"img":"https://static.tigerbbs.com/d9be743b1308dbdae3582be6219930e2","width":"1080","height":"3162"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/869193764","isVote":1,"tweetType":1,"viewCount":451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":860215903,"gmtCreate":1632182099502,"gmtModify":1676530718449,"author":{"id":"3581752539905418","authorId":"3581752539905418","authorIdStr":"3581752539905418","name":"SherylSim","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581752539905418"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>let's go","listText":"<a href=\"https://laohu8.com/S/APPS\">$Digital Turbine(APPS)$</a>let's 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