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In 2026, 70% of stocks hit new lows, only 30% of stocks rose.
If you don't follow these 30%, you're just wasting feelings/money/time for nothing.
These 30% are the memory/chips/storage/CPO.
Someone says that these have all risen so much that they seem very expensive.
But they don't see that the stocks hitting new lows have P/E ratios often in the hundreds or thousands; those are the truly expensive ones.