Things are shifting. China ponzi unraveling is getting interesting.
Bingo! This is the big correction starting. Not as bad as 2007-2009. Maybe down only 30-40%. $140ish.
Looking at the chart, WYNN fell from $170 to below $20 in the '07-09 period. Other casino stocks also plunged. Recessions are bad.
Just like they gambled and partied after the '08 crash? If I recall, Vegas became a ghost town for a couple of years & projects were abandoned & WYNN & the other casino stocks plunged 80%+ No, recessions are bad for casino stocks my friend.
Of course, in the context of the 30-50% overall decline, some of the Momo stx will be down 75%+.
You are a fine oracle Sybil, much like the Cybele at ancient Cumae. I don't think the NASDAQ closes down, though. I'll settle for a garden variety 30-50% decline that pays off on longer term puts.
Travel to the empty "bubble cities" and look at the empty "bubble towers" and any doubt that this has been a bubble will evaporate.
Chanos: "China (bubble) is Dubai times 1,000".
Conclusion--sell stocks that benefited from bubble. Q.E.D.