Tech, Biotech, and Social Media stocks have been seeing much higher stock prices while the overall stock market attempts to set a new high. Companies like Facebook and Apple are building lavish new corporate headquarters, while Google’s plans have been denied by the Mountain View city council. Such building behavior is often associated with “tops” in stock markets so we could be looking at a “correction” in stocks (down 20%) six months or so from now.
Evidence of Stock Market Top?
![](/s3/files/styles/responsive_4_3_650w/s3/static-page/img/apple-HQ1.png.webp?itok=Vgj9JxuC 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/static-page/img/apple-HQ1.png.webp?itok=90QZtfZN 870w,/s3/files/styles/responsive_4_3_1090w/s3/static-page/img/apple-HQ1.png.webp?itok=H1dA90Fc 1090w,/s3/files/styles/responsive_4_3_1310w/s3/static-page/img/apple-HQ1.png.webp?itok=Bg7UEJcK 1310w,/s3/files/styles/responsive_4_3_1530w/s3/static-page/img/apple-HQ1.png.webp?itok=yFVtcc1n 1530w)
All Rights Reserved ©
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.