Mayday is an emergency procedure word used internationally as a distress signal in voice-procedure radio communications. May 4, or, "May the 4th Be With You," marks a celebration of all things Star Wars attributed to famous phrase "May the Force be with You" used by Jedi Masters! After dreadful month of Apr and worst start of year for Nasdaq ever, high-tech growth stocks are sending "Mayday" signal and hoping that some kind of Force would save them from daily pounding. It feels like dot.com bust all over again. Covid pandemic pulled forward growth of many high-flying stocks. Now that pandemic is over as worldwide issue despite spurts in Chinese cities and even in New York, investors are worried about lack of growth for once high-flying growth companies. Even "FANG" group is not spared. Many stocks are back to where they were before pandemic. For few of them, 5 years of gains got wiped out in last 5 months. So obvious question is - what&
Commentary about markets and investment ideas and some random thoughts!