Keep your guard up, but no need to panic. $JD.com(JD)$If there is nothing wrong with the company, I think there is no need to panic sell. I feel that the difference between a US equity and a Chinese equity is not only the company valuation, but also the company must get on the government's good side to prevent massive sell offs as seen by $DiDi Global Inc.(DIDI)$That being said, I still having my guard up against these companies at the moment and for the foreseeable future. Hopefully the rally up yesterday isn't a dead cat bounce.
Another all time high? I'm concerned... the Shiller P/E ratio is over 38 now, historic high was during the Tech bubble at 40 ish if I'm not wrong . I'm not sure if I would be this optimistic... I say, thread carefully and keep some cash on the side. Cash is not necessarily Trash if it allows you to buy stocks for cheap. What are your views?
The S&P 500 index rose to 4300, a new all-time high.
Could this be a play by Elon to fall bitcoin so that Dogecoin could rise further? Not sure, he seems really invested in Doge. But I see value in the Crypto space and am excited to see future developments in that space. I want to see which coin can be the next bitcoin worth 10s of thousands of dollars per coin.