The bears have been screaming bubble at every leg up for two years straight. $NVDA just crushed earnings again and ripped past $230 today.
Here's the issue with calling bubble the entire way: even if you're eventually right, you were wrong through the whole ride. And this ride has been long.
Bubbles do pop — no argument there. But "this is a bubble" is a description, not a timing call. The same voices yelling it 20% ago are yelling it now, and the tape hasn't flinched once.
Enjoy the altitude. Just know where your invalidation level sits.
$SPY $QQQ $NVDA
Here's the issue with calling bubble the entire way: even if you're eventually right, you were wrong through the whole ride. And this ride has been long.
Bubbles do pop — no argument there. But "this is a bubble" is a description, not a timing call. The same voices yelling it 20% ago are yelling it now, and the tape hasn't flinched once.
Enjoy the altitude. Just know where your invalidation level sits.
$SPY $QQQ $NVDA
