At 10:26 US EDT the DOW is down 2.52% Nasdaq 3.18% What is more...

At 10:26 US EDT the DOW is down 2.52% Nasdaq 3.18% What is more interesting is what some of the AI high flyers have dropped. The stocks selling way above what old fashion metrics justify dropped the most. NVDA 7.75% AMZN 5.6% TSLA 5.8%.

Will this last hard to say but from watching things like US GDP, layoffs, Store closings and unemployment 12~ 18 months would not surprise me. Fed will drop US interest rates. It will take a long time to cause any change like it always does. Usually 1 to 2 years. even with multiple consecutive drops or increases.

Lets talk about Lynas LYC AX . After 2024 AR is out in 2~ 3 weeks depending who you follow its TMM EPS will be 7 ~ 12 cents. At a SP of AUD 6.00 that puts it's PE at 50 ~ 86 For a company that has had q profit drop of over 80% in last 2 years that is crazy. LYC has also been lightly traded for a few months this will increase volatility.

Lynas 10 year high was AUD 11.56 set in APR 2022 half of that is $5.78
I think there is a good chance of breaking that tonight. Unless US does a large turnaround Which I doubt. Maybe a small recover but highly unlikely for loses to drop to less than 1.5%

Lynas's yearly low is $5.49 I do not think breaking that this week is not a possibility.

At $5.50 and a TMM EPS of $0.10 that is still a PE of 55. Look up the ASX 200 and see what current and long terms average PEs are if you think I am crazy. Most of the ASX 200 stocks pay dividends which raises PE. Lynas does not.

Do not cry if you lose money. Research what happened and learn. Doing this rather than complaining and blaming third parties will greatly improve the returns on your investments. Only you can make your future returns better. Take shorts for example with the very high multiples to metrics they have been shorting like crazy. Shorts have risen from just over 6% to JO 10% in a couple of months. You can see this as a plot to drive stock lower. It has not. What you will see know is shorts buying to cover making lots of money as stock drops. Whenever Sorts change a ;oynever see it as a plot, ask why these people think they can make money doing what they are doing. I have not shorted in 24 years I do trade puts and calls.