POWELL SAID STOCKS ‘HIGHLY VALUED’ – REMEMBER AFTER ‘IRRATIONAL EXUBERANCE’ STOCK BUBBLE INFLATED MORE BEFORE CRASH
By Nigam Arora
To gain an edge, this is what you need to know today.
Remember 1996 Stock Market
Please click here for a chart of Micron stock (MU).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of MU stock is being used to illustrate the point.
- The chart shows yesterday’s price action in MU stock was on higher volume.
- Yesterday, we shared with you MU stock was overbought and overbought stocks are susceptible to a pullback.
- The chart shows MU stock is down after reporting excellent earnings. Earnings and projections were better than the consensus and whisper numbers.
September 24, 2025