The bubble is just beyond. How high can it go? 5000?
Tech stocks are more expensive than anything.
Tesla, that builds electric cars using EV tech from 1800, that does not even make money is in the top 10 largest US companies.
They have a massively larger valuation than several other car makers that actually sell cars AND have electric R&D budget even bigger than Tesla, AND better EV.
Huge short squeeze huge retail and hedge funds that have clients that don't want them to miss out and are all scared they won't be to exit scam first but if they try they'll be too early and miss out.
Companies don't even make money they just get welfare checks from Trump.
Price to earning ratios are skyhigh again but it's ok we are in a new paradigm where they do not mean anything.
Sharks are taking advantage. Tesla did a split so novices could buy shares.
I think even broke people have access to the stock market with some sort of "part stock" thing, where they can buy not even a single share but a fraction of a share.
The USA government seems interested in printing more money and throwing it at the public to inflate the bubble and get them to be good consumers.
Zimbabwe 2: The return of the printing press.
The stock market is infested with beginner day traders. A guy like Portnoy that started in March-April is seen as an "OG". Just like crypto in 2017 :D
Some people are saying the "democratisation" of markets is great. Just another bubble. The public will lose their money & the rich will get richer, and then the marxists will get angry and blame "racism" or whatever.
Robinhood & HFT firms are probably making record earnings (should invest in them maybe).
It'll be fun to watch.
Meanwhile...
What really would be fun is watching them get all euphoric and laugh at gold & foreign stock holders because they made "500%" totally oblivious the USD is worth nothing.
Either way...
They'll celebrate, then be in denial, attack real traders like me, get rekt and quit. Same story as usual. And it has been going on for hundreds of years at least.
One could perhaps buy an option that expires in years? I prefer to stick to what I do best.
Who cares where stocks go I'd rather stay comfy with my currency pairs and commodity futures.
Why even "invest" in a bubble? Maybe it is easy money as long as it goes up. Can't be bothered really.
Tesla, that builds electric cars using EV tech from 1800, that does not even make money is in the top 10 largest US companies.
They have a massively larger valuation than several other car makers that actually sell cars AND have electric R&D budget even bigger than Tesla, AND better EV.
Huge short squeeze huge retail and hedge funds that have clients that don't want them to miss out and are all scared they won't be to exit scam first but if they try they'll be too early and miss out.
Companies don't even make money they just get welfare checks from Trump.
Price to earning ratios are skyhigh again but it's ok we are in a new paradigm where they do not mean anything.
Sharks are taking advantage. Tesla did a split so novices could buy shares.
I think even broke people have access to the stock market with some sort of "part stock" thing, where they can buy not even a single share but a fraction of a share.
The USA government seems interested in printing more money and throwing it at the public to inflate the bubble and get them to be good consumers.
Zimbabwe 2: The return of the printing press.
The stock market is infested with beginner day traders. A guy like Portnoy that started in March-April is seen as an "OG". Just like crypto in 2017 :D
Some people are saying the "democratisation" of markets is great. Just another bubble. The public will lose their money & the rich will get richer, and then the marxists will get angry and blame "racism" or whatever.
Robinhood & HFT firms are probably making record earnings (should invest in them maybe).
It'll be fun to watch.
Meanwhile...
What really would be fun is watching them get all euphoric and laugh at gold & foreign stock holders because they made "500%" totally oblivious the USD is worth nothing.
Either way...
They'll celebrate, then be in denial, attack real traders like me, get rekt and quit. Same story as usual. And it has been going on for hundreds of years at least.
One could perhaps buy an option that expires in years? I prefer to stick to what I do best.
Who cares where stocks go I'd rather stay comfy with my currency pairs and commodity futures.
Why even "invest" in a bubble? Maybe it is easy money as long as it goes up. Can't be bothered really.
Sums it up.