But it keeps going up. I couldn't believe a year ago how high it was, but reality does not matter anymore. Who cares that they burn through cash and build "clean-room" controlled production lines in the middle of the desert, open to the elements and sand. I've stopped trying to make sense of this world.
It is a bubble and it will bust. The only questions are how high the stock price goes and when the bubble pops.
Before the election, I figured the stock market would freak out because of the clear problems mail in balloting would cause. I was surprised, not only by the size of the fraud committed, but also by the lack of interest from the markets. I actually sold most of my stuff before the election, and pretty much the rest just after....but I was wrong. As long as we keep printing trillions, the markets will be happy.
If the US prints enough money the dollar is sunk. As the world reserve currency, we have a little bit of flexibility but I would rather not use it.
It's a money laundering scheme. Also lookup the tulip investment.
Yep, this is exactly like the tulip craze. Priced value is waaaaay above real value. At least tulips didnt burst into flames randomly.
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