can someone please explain - I really can't understand
how every high flyer in the NASD - GOOG, PCLN, NFLX, AMZN, TSLA, etc - with huge market caps is down 20-30% from their high in the last month but the QQQ is only down 5%? We are seeing a sell-off of epic portions in the market leaders but the indexes are barely effected? Are the mid and small caps in the NASD really rising in a major way over the last month to offset these huge losses?
They are all overvalued and are coming back down to reality. Momoplays dot com explains AMZN, PCLN, NFLX, FB.. etc and quoted them all as a SELL a few weeks ago just before the crash of momo stocks. It explains why they're falling, check it out if you're sincerely interested
the nasd is weighted to market cap. of the biggest market cap stocks you have AAPL,up in the past month,GOOG down 7%MSFT higher,AMZN down 10%. . PCLN,TSLA and NFLX dont have a huge effect on the index as a whole. PCLN is only #15 in market cap,and its cap is only 12% of AAPL. Most NASD stocks arent down anywhere near 20-30%
the stocks which are listed above have traded to super lofty levels. their pe's are super high. these are popularity stocks and can reach surprising levels. they do not pay dividends or much for dividends. when the market does decide to go down they will go further. the rise in qqq price is far lower than the rise in these stocks. the overall indexes are up very little from their 2007 highs, about 2% per year, and plenty of companies have gone broke or off of the indexes. I wonder if and when the indexes will fall heavily from their recent highs.