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Have Cathy Woods ARK Invest Funds Bottomed?

Companies / Investing 2021 Jun 25, 2021 - 06:57 PM GMT

By: Nadeem_Walayat

Companies

Have Cathy Woods managed ARK funds such as ARKK hit bottomed? Given that a quick youtube search suggests many think so.


Well Where does ARKK stand in comparison to it's largest stock pump holding TESLA

(Charts courtesy of stockcharts.com)

That's a mighty strong correlation between the performance of ARKK and Tesla.

What do I expect Tesla to do given it's barmy over valuation as I iterated in my early May analysis?

AI Stock Buying Levels, Ratings, Valuations and Trend Analysis into Market Correction

Tesla stock is heading lower, a quick analysis suggests the stock could easily trade to under $400 during 2021, that's more than a 60% drop off its $900 high, a Tesla stock BEAR MARKET that the likes of Cathy Wood are desperate to avoid materialising, though if she really is intelligent then whilst she has been busy pumping Tesla in the media she will have also been busy selling Tesla stock at the same time.

In fact in my subsequent article I revised my expectations for Tesla lower to trade to under $300 a share, less than half where it is trading right now. So then how can ARKK have bottomed if their biggest holding looks likely to HALVE in price? And Tesla is representative of the type of stocks ARKK is invested in so even if ARKK has been some selling of their Tesla holdings, most of the rest of ARKK portfolio is of similar quality.

It appears ARKK funds are trending to a similar final destination as Tesla, therefore it is possible that we could see ARKK trade all the way down to about $60, which is near half it's last close of $113!

I am sure if it happens ARKK's Cathy Wood will pump loads of spin into how great a buying opportunity it is that stocks have fallen so much just as she was seen stating about a week ago that she had expected the drop all along because her just out of University motley crew of pocket geniuses with no real world experience told her so in tweet or whatsapp message that self destructed months ago or maybe it was in a dream via prototype neural link, anyway ARKK at $60 is all good as it's going to X3 from there. In which case lets hope Tesla does not halve in price once more to tale ARKK down to the low 40's! But with Cathy it's always a case of blue sky's overhead no matter that most who have invested in ARKK will done so at over $100 per share as indicated by the volume.

This is the problem with funds and fund managers, all one is doing is paying for a perma sales pitch of blue sky's ahead. It is infinitely better to invest in a few good safe stocks and then forget about them, that is how one actually INVESTs, not like these ARKK clowns trading in and out, in and out, in and out to fund value oblivion.

The rest of this extensive analysis of the crypto markets including a detailed Bitcoin price trend forecast has first been made available to Patrons:

Bitcoin Bear Market Trend Forecast 2021 and Model Crypto Portfolio Buying Levels

  • Investing in the Tulip Crypto Mania
  • Bitcoin Price Trend Forecast Review
  • Lessons Learned
  • Cathy Crypto Wood's View on Bitcoin
  • BITCOIN HALVINGS TREND TRAJECTORY
  • Stock to Flow Infinity and Beyond!
  • Bitcoin, Crypto's and the Inflation Mega-trend
  • Black Swan 1 - Will Crypto's Get Banned?
  • Black Swan 2 - GOOGLE
  • Black Swan 3 - USDT Tether Un-Stable Coin Ponzi Schemes!
  • BLACK SWAN 4 - Bitcoin 51% Network Attack by China?
  • Black Swan 5 - Bitcoin is Already Obsolete
  • US Trending Towards Hyperinflation
  • BITCOIN TREND ANALYSIS
  • Bitcoin Bear markets analysis - How low could she blow?
  • Bitcoin Trend Forecast
  • Bitcoin Long-term probable Next bull market price target
  • Alternative Scenarios
  • My Crypto Bear Market Investing Strategy
  • Crypto 1 - Ethereum (ETH) $2600
  • Crypto 2 - Bitcoin $40,375
  • Crypto 3 - Ravencoin $0.078
  • Crypto 4 - Cardano $1.59
  • Crypto 5 - Pokadot $25
  • Crypto 6 - ChainLink $26
  • Crypto's 7 to 10
  • Creating The Perfect Crypto
  • How to Invest in Crypto Without Getting SCAMMED
  • CHIA SCAM COIN
  • Binance vs Coinbase
  • Have ARK Invest Funds Bottomed?

Which was first been made available to Patrons who support my work. So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

For crypto trading and investing see Binance for 10% discount on trading fees - Discount Code LZ728VLZ

For managing your crypto's see Coinbase

For GPU mining check out Nicehash (affiliate links).

My analysis schedule includes:

  • More X10 Biotech Tech Stocks - 50% done
  • UK House Prices Trend Analysis - 10% done
  • How to Get Rich! - 70% done
  • US Dollar and British Pound analysis
  • Gold and SIlver Price Analysis

Again for immediate access to all my work do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.\

And ensure you are subscribed to my ALWAYS FREE newsletter for my next in-depth analysis.

Your crypto analyst.

Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2021 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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