Have Cathy Woods ARK Invest Funds Bottomed?

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

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

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.

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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.

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

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