Sound reasoning behind this. Remember a month or two ago I was linking Apple news when the stock was irrationally ripping higher. This was in the wake of Apple themselves reporting reduced iPhone demand. Then reported chip issues across multiple products. Then a supplier reported they had halted production. AAPL didn't flinch and just ripped higher. Q4 earnings will paint a better picture of wtf is going on.
I feel bad, when I talked to my mom around Thanksgiving she mentioned she had some money in ARKK. I wanted to tell her to dump it, but I didn't really want to go telling her that I think Cathie is a fraud.
Its funny but I met with my F-I-L and looked at his investments last summer and saw ARKK and told him to tell his broker to dump it asap. I am afraid to ask if he did it. And yes, he pays a wallstreet douche to handle his investments because they are "experts" and I am not. I shit you not. Its the same reason he ignores my Covid advice. I am not an "expert".
All those plebes who heard the market was down at lunch time and hit "sell" on their mutual funds.
