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Chris Perruna, senior vice president at Self-employed, observes that MU is now trading 176% above its own 200-day moving average.
He describes this as a classic extended zone in which shares often revert toward the long-term average. Perruna states he would consider reducing exposure at current levels, while clarifying he does not hold a position.
Perruna has previously compared valuation metrics, noting NVDA's forward PE ratio of 24.57 versus CSCO's above 196 in 2000. He has also highlighted when the U.S. 30-year Treasury yield reached 5.18 percent, its highest point since July 2007. His recent observations continue a track record of flagging notable market extremes.