SINGAPORE — Shares in Asia-Pacific are expected to open lower on Monday following a sell-off on Wall Street on Friday. The Nikkei futures contract in Chicago was at 26,705 while its counterpart in Osaka was at 26,710.
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This StockMarket Bubble would be called FAANG Bubble! Per WarrenBuffett INTRINSIC VALUE formula, based on 2021 annual reports, $FB $AAPL $GOOGL $NFLX are significantly overvalued, but $AMZN is worst of them all - overvalued by 5,007% !!!
The only 'fundamental' now is the end of QE and Rate hikes. The rest is noise... This is what happened to StockMarket in 2000 when FED stopped the liquidity and hiked rates from 4.75% to 6.5% -
LiveSquawk Mid-week back to green …
The Biden recession is coming
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