As reported by a liberal rag...

https://finance.yahoo.com/amphtml/n...before-veteran-strategist-185506190.html

Nasdaq is 'moving faster than any train we've ever seen before': veteran strategist

Ines Ferré

July 10, 2020, 2:55 pm

The Nasdaq (^IXIC), which touched fresh highs earlier this week, is like “a train that is moving faster than any train we've ever seen before,” says one veteran strategist.

“This is a very very strong rally and it looks similar to what happened pre-Covid collapse, where the Nasdaq went up 11 days in a row,” James McDonald, CEO of Hercules Investments, told Yahoo Finance.

The tech heavy index has seen seven out of eight sessions advancing this month, with many of the FAANG names hitting new intraday highs earlier this week.

McDonald says companies like Apple (AAPL), Facebook (FB) , Amazon (AMZN), Alphabet (GOOGL) have been a “a flight to safety” as investors are “starting to see the risk coming into the market” with COVID-19 flare-ups. On Friday, Netflix (NFLX) touched fresh highs after Goldman Sachs increased its price target on the streaming service.

“In the early days of tech, tech was the risky area; now it’s the safe area, and those companies are going to continue to do well,” added McDonald.

If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.