Just last week, I showed you how the markets and the six mega-cap stocks driving them higher, were getting a bit ahead of themselves.
I don't want to be the "I told you so" guy, but… well… I'm a positive guy; positivity is a good thing, but when positivity is all there is – watch out.
Since we last spoke, the S&P 500 has shed 5%, the Dow 4%, and the mighty Nasdaq Composite – the record-smashing star performer of summer 2020 – has tanked nearly 10%.
"The bigger they are," right?
Even more than the broader S&P 500, the Nasdaq and the six 800-pound gorillas that run the show there require our immediate attention.
Don't get me wrong: It's not time to drop everything and run for the hills, but a few position tweaks, a little profit-taking, and some vigilance are in order… Full Story