RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Cad : USD TorontoJay, Nvidia is not the Nasdaq. Individual stocks fall separately. I expect the Nasdaq to fall into bear territory (-20%) and Nvidia could be double that before bottoming. But, rate declines by central banks will prevent contagion and it will be short lived.
What is "recession in the near term" for you? 3 mths? 6 mths? 1 year? I've been reading recession for close to 2 years now. One will eventually arrive, I don't see one in the next 12 months. I am still in the soft landing camp.
Torontojay wrote: Hi Flamingo, you are looking at things with rose coloured glasses. How are you confident that a recession has not arrived or that it won't in the near term?
Nvidia is already down almost 30% from its peak so they are in a bear market and according to your definition almost in a crash.
The recession risks are elevated especially if the Fed is late to act. This is my biggest concern that they are behind the curve as always. It's not the first time and certainly won't be the last.