Earlier quoted context omitted.
so stocks are less related to individual company performance than they should be?
More that, almost all companies are expected to perform worse when you elect an economically incompetent government.
Wall Street sell-off turns 'ugly' as US recession fears grow
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Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#92Earlier quoted context omitted.
It becomes a bubble when suddenly people who paid a fortune for mortgages at sky high prices aren't able to pay them anymore. Or demand falls. The market is currently tight but on both supply and demand. No one with a 2% mortgage wants to move. No one wants to buy at 6% interest.
I personally think of a bubble has having a significant speculation component which I don't think applies wholly to the housing market in the same way it does today's stock market. The reasons that housing prices are so high, in my opinion, is primarily because of structural problems. But certainly others may feel differently or define a bubble differently.
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#93Hopefully this isn't a biased take: I think this is a unique situation because the recent moves (in my opinion) are largely a result of everyone's uncertainty around America's policies. In other words, the recent stock moves aren't because we're seeing a bunch of companies fail to miss quarterly targets. There are no major economic indicators flashing red. If stocks can drop that fast in a couple weeks, they can also…
Have you seen what was going on when Trump win was confirmed? Stocks that day shot up. Now it is correction time both on going back to indicators instead of hype and correction based on newly elected administration actions instead of people hopes.
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#94It's much more straightforward math then reading of political or vibes tea leaves.
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#95It's the Biden sell-off. /s
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#96I just want my XRP to rise again
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#97Earlier quoted context omitted.
Tesla is way better positioned than Toyota in likely upcoming EV world, so capitalization is result of future expectations.
But not like this. In no current or future world is there a basis for THIS: https://www.voronoiapp.com/_next/image?url=https%3A%2F%2Fcdn...
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#98Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#99Earlier quoted context omitted.
Tesla is way better positioned than Toyota in likely upcoming EV world, so capitalization is result of future expectations.
BYD is also better positioned than Toyota for an upcoming EV world, so there has to be something else going on.