Expectations for the month of August, page-9

I understand that logic but I think it's inappropriate to use current Nasdaq cyber average PSR because Nasdaq is very overvalued at the moment. When you look at historical PSR avgs for Nasdaq you'll arrive at one conclusion: bubble. Last time we had such high PSRs markets were about to crash during dot com bubble and also during 2008 financial crash Nasdaq went from 3x PSR to 1x.

in my assesment I would like to see TNT below 3.5x that should minimise another hard fall in case of sharp correction overseas and at home.