I don't think we are far off from recession, and using past recessions as a guide, SP500 tend to fall approximately 33% from its previously high. So using this approximation we can derive SP500 tohit around 3200 levels, which is another 20% downside from current 4k+ levels. you might want to price in another 10-20% from 3200 levels to decide an attractive level to enter the market (subject to your risk tolerance). While Friday's speech may not be too good for investors, I think it's a good time to start accumulating stocks or assets in which you like based on fundamentals and the business. Sounded like Buffet's strategy, which really is, as I think there's a good reason why he continued to be one of the best investors of our time. Though I don't think u can ga
[Snap is a leading indicator of the weakness in internet advertising]Rosenblatt analyst Barton Crockett joins 'Squawk on the Street' to react to Snap's warning that it will likely miss its revenue and earnings estimates during the second quarter. $Snap Inc(SNAP)$
$Diginex Limited(EQOS)$I think EQOS shareholders should review their positions & perspectives on EQOS. To me, I do believe in the outlook of cryptocurrencies in complimenting (not replacing) fiat currencies. And EQOS seem to be at a strong standpoint in this crypto space as1. one of the most recognized/ safest custodian services Digivault, 2. Various mergers with other business, most recently with Binance, one of the largest crypto services. 3. One of the earliest Exchanges to build its services around the space, including Perpetual and dated futures for the BTC ETH. What EQOS has been doing so far, is continuously releasing new equities to dilute the shareholding. This is no doubt painfu
$Alibaba(BABA)$kkkkkkkkkklk, I showhand liao.... now boonchong + charlie munger effect and 25billion share buyback going to send baba bulls to the moon!!!$3000 here we go!
$Luokung Technology Corp(LKCO)$Just curiouswhy this firm is taking quite a beating the same way as other Unicorns. It has quite different aspects as a typical unicorn, with 1. Positive earnings. While other Unicorns are delivering marginally Positive earnings or mostly negative earnings, LKCO has delivered very strong earnings with decent forecast in a challenging environment. 2. Strong balance sheet The company has minimal debt in place which is well positioned for rising interest rates from Fed. 3. Attractive outlook The company has strong partnerships with some of the largest firms in the industry, like MSFT, F and others. I don't think these companies would enter a deal with a company without strong conv