Vanilla XJO Thread, page-65

Last night Nvidia fell 17%, losing $592 billion in market cap, apparently the biggest ever one-day loss for any Wall Street stock, a mind-boggling evaporation into thin air of wealth.

Meanwhile, the XJO is up again today after just a brief fall at the open, as if nothing had happened. Although a few tech stocks are down, CBA is above $160 again. I interpret this as meaning that markets are not yet ripe for a correction (although this could quickly change because a week is a long time in the Trump era).

Or maybe it means "as cheap as chips from China", even if large tariffs are imposed.