Is a big correction coming in January?

[Robert Mugabe]

Everyone on youtube seems to think so. My over priced NVDA is finally crawling out of debt since I bought it high a couple of months ago, but I was watching a few vids with people proclaiming a big hit is coming in January, followed by a downward roller coaster ride for the rest of 2025. One person was saying they haven't seen such inflated prices since 1929.
I see a lot of people touting AMD, which has been tanking to the point where it is starting to look like an attractive "buy low" situation. Allegedly their new chips are going to take the world by a storm and kick NVDA's ass. But I have about as much faith in that company as I do in SMCI.

 

[mikew1]

Yes and no. I'm 50% sure of it.

 

[richaceg]

Everyone on youtube seems to think so. My over priced NVDA is finally crawling out of debt since I bought it high a couple of months ago, but I was watching a few vids with people proclaiming a big hit is coming in January, followed by a downward roller coaster ride for the rest of 2025. One person was saying they haven't seen such inflated prices since 1929.
I see a lot of people touting AMD, which has been tanking to the point where it is starting to look like an attractive "buy low" situation. Allegedly their new chips are going to take the world by a storm and kick NVDA's ass. But I have about as much faith in that company as I do in SMCI.

AMD IMO is still pretty high from where they were a year ago...$80? I think...they are also falling behind on the AI stuff.

 

[dvous11]

There are a lot of "financial market" people on youtube who've been calling for a massive correction for years.
Even though many county's economies are technically in recession, markets are pumped up to continue to exist at all time highs.
Hedge funds drive a lot of this.

 

[DesRicardo]

Everyone on youtube

There's your answer.

 

[Goodoer]

AMD IMO is still pretty high from where they were a year ago...$80? I think...they are also falling behind on the AI stuff.

I bought in the $80ish range last time and will do so again... I'll show interest when it drops below the $120 mark as it seems to hit resistance passing below that mark.

 

[Goodoer]

And AMD has just dropped below $120… Buy target is $110 (which is the old $80…. Inflation and all)