Is Tesla a Buy after Recent Pullback?

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Midas Letter

The Digital Businesss Channel for Cannabis, Crypto and Technology Stocks.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

Modern Money Theory is a new heterodox macroeconomic conjecture. The idea that governments no longer need to balance budgets, a nation’s revenue need not be derived from taxation, and where governments can now borrow indefinitely from themselves…

A theory, now widely endorsed amongst academics, supports that economic data is no longer a contributing factor to the stock market…

When there is a dip in the stock market, in-steps the Fed to prop up asset prices through quantitative easing and printing money.

This obviously isn’t sustainable in the long-run, but how can we profit from it in the short-term?

Well, as long as a stock’s pullback is healthy and doesn’t fall off a cliff causing wide spread selling. The dip becomes a viable investment opportunity.

There have been 2 historic stock splits recently. Namely, Apple Inc. (NASDAQ:AAPL) and Tesla Inc (NASDAQ:TSLA). In terms of their stock market price, both companies have seen “buy the rumour, sell the news” action, resulting in a short-term dip.

Watch the full interview to see if we think now is the time to buy for Tesla and other NASDAQ-100 technology stocks.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.