There is no “free” lunch. We all heard this before but we tend to ignore it all the time as we continue to use Facebook, Gmail, Twitter etc for FREE!! Well, as we all know by now that they have been “selling” our data without asking us. Well did we not know about this? Of course, we did but we ignored because we keep getting these services for free and we believe in “Mufth ka chandan, gees mere nandan”. Now the cat is out of the bag and everyone is crying foul. The tech sector got obliterated today and it got even worse when the Chip sector caved in with the NVDA fallout. Natural intelligence took over Artificial intelligence and there was no Tech Company left untouched. Next, it was the turn of the Financials as they started to crack when the 10 year rate pulled back. All in all a nasty day and looks like we might head down and retest the S&P 2532. Some bargain deals on the table (but not without risk) are FB@150, GOOG@1000, MU@50, NVDA@200. Two more days left of this shortened trading week and it very well may “not” end up to be a “Good Friday”. Trade safe.
