Z - Zillow Group Inc

Zillow will continue to drop as long as there are price reductions and they lose money on their shady deals. They've been lying to everyone about how the housing market is secure and going to continue to boom.

Apart from their imminent downfall for the remainder of this year, the market itself is going to crash:

If we look at the current state of the market, the Market Cap to GDP Ratio is extraordinarily high:

Bubble Highs:
- DotCom Bubble: 139.5%
- 2008 Crash: 100.3%
- 2021+: 186.0%+

Historic Average:
- Average: ~85%

To be fairly valued, the market would need to drop around 60%.

Wilshire 5000 Total Market Inde (^W5000) = $45,313.82

Title: Gross Domestic Product
Series ID: GDP
Source: U.S. Bureau of Economic Analysis
Release: Gross Domestic Product
Seasonal Adjustment: Seasonally Adjusted Annual Rate
Frequency: Quarterly
Units: Billions of Dollars
Date Range: 1947-01-01 to 2021-04-01
Last Updated: 2021-08-26 7:51 AM CDT
Notes: BEA Account Code: A191RC

GDP = 22,731.369 as of 2021-04-01

(45,313.82 / 22,731.369) * 100 = 199.344879%

Even if we were being more conservative about it, (45,313.82 / 25,000.00) * 100 = 181.25528%

Buy back in when everything is on sale.
Support and ResistanceTrend Lines

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