$SIA (C6L.SG)$ : Major US stocks closed much lower amid earn...
$SIA(C6L.SG$ : Major US stocks closed much lower amid earnings. Nasdaq 100 slumped 721 points. Dow Jones retreated 504 points, S&P 500 plummeted 128 points. Lamb Weston plunged 28.24%. Tesla tumbling 12.33%.
I feel that their stocks are far over valuation whereas ours are far undervalued. Their's, is like futures, whereas our's, is like spot. Maybe I am wrong. Our's, earnings are strong 💪, their's, earnings are below expectations at current level or over bought level, not that their stocks are no good. Far out of line, so to say. That's the difference.
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Bull Run : You are right, US market mostly rises based on future forecast as it can be traded world wide and now too expensive chased up by the whole world.
明 Meng OP Bull Run : I think there is a flow of funds from 2nd economic super power to 1st economic super power, we shall see if the funds will flow to the rest of the no economic super power countries or not. Countries that have no economic say.