I'm now judging that Nasdaq

I'm now judging that Nasdaq is high. But that doesn't mean you're going to get off right away. I think I can go further, but I can't go too far and I'll save it even if I get a short bite from the current price.

Here's why. When I was watching Bloomberg News recently, I heard "Smart money is going short."

Everyone has a consensus that the Nasdaq is currently an overvalued section comparable to the high point of the dot-com bubble COVID during the Great Depression in terms of valuation.

I looked up a lot of videos and materials, and everyone who said they were good at macros said that Nasdaq was highly valued. It was also historically said to be very highly valued.

However, it is not smart money, but the public continues to buy without asking. They do not buy stocks at valuation. They are buying because stock prices continue to rise. For the public, valuation is not convincing, and news and justifications that can dampen expectations will play a role.

The justification for the decline that cannot be refuted yet. In other words, I think it continues to rise because the theory system that it should fall has not been formed.

When the cause to persuade the public is established, all smart money will join the short.