Financial Markets Around World

Randomuser said:

Wondering if this is just the start of a long red period.

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TSLA down over 13% now...

Rest of Mag 7 (excpet AMZN) down over 5%.

I wonder if there is any chance that Mag7 etc. might return to some sort of vaguely realistic P/E ratio? If so, there's a LOT more to fall.

Edit: Looks like strong support at $200 but beyond that next stop ~$150:

Maikeru said:

TSLA down over 13% now...

Rest of Mag 7 (excpet AMZN) down over 5%.

I wonder if there is any chance that Mag7 etc. might return to some sort of vaguely realistic P/E ratio? If so, there's a LOT more to fall.

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If that happens, it's going to be painful for a lot of people for a while. Forget even being employed, just wonder how youre still gonna have a house or savings.

Should we buy Chinese stocks now?

A week later ... this is definitely a correction, even according to the Wall Street definition. From this point on, it is anybody's guess, depending on one's risk appetite. There are so many domestic and international factors that have direct impact on S&P 500 trajectory during Trump 2.0 (barely 2 month old). For the long-term 401K account, it could be another buy opportunity. For trading, all I can suggest is to (1) be defensive and (2) move fast.

4Runner said:

I am incrementally getting into some liquid China ETFs until Shanghai Composite Index crosses over 4000.

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I had been incrementally buying FXI when it was below 33. If it dips below that again in the current context of NASDAQ correction, I would continue.