Just some of the things I saw in the last few days…
- Penny stock volume is up 2000% YoY (and that’s pre-stimulus checks)
- Dave fucking Portnoy is now doing a day trader bit telling people “stocks always go up”
- ARKK’s insane prediction of the price of TSLA, which would make TSLA account for ~20% of US GDP in 2025, and over 100% of the global auto industry from a market cap perspective, despite them having declining YoY delivery growth for the last 3 years
I know you can’t time the market, but this can’t continue much longer, can it?!
the stock market is not based on reality, unless there is a salient event that triggers a crash i don't think there will be one soon. (unless the fed decides to stop their QE shit)
Seems like the only way they'd raise rates is if some late 70's style inflation starts happening, but who knows.
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