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| So I got friends on both sides of the boat...
One says.. “the stock market always goes up over time. Sell offs like last spring are just buying opportunities. Long term investment wins in the end.”
Other side.. “what is today’s market resting on? Tesla just recently became profitable and part of that is based on selling credits.
https://www.cnn.com/2021/01/31/investing/tesla-profitability/index.h...
The big tech companies... Facebook, Twitter, Google, Amazon etc.. what are they really worth? It’s not like we need anything from them.. like fuel.. or food? Furthermore they are engaged in censorship.. risking a backlash..
The whole stock market is drunk on stimulus and the belief that the next bailout will goose the market again.. but then what? Given recent GameStop.. games.. what if investors lose confidence that new highs are forever on the horizon. Taxes.. Green new Deal.. Paris climate accords.. bailing out Iran again..
Does the whole thing collapse when the boomers start to draw for retirement?
???
Asking for a friend.. | |
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Stock market over valued?
