Ditto that. The market is the final arbiter of price. If you disagree with your counter-play, it is YOU who is wrong!
See. We can rationalize anything in this Country, nowadays. Easy to inculcate people today. Lots of suckers; not too many thinkers. But who needs thinking when a dartboard works. Goes up everyday. Pavlovian!
It is called common sense. You are stuck in a box of your own making. Sorry, you have to figure out how to get out of it.
yes I'm sure Warren Buffett is trying to rationalize his massive Apple position that he bought over a trillion market cap.. You know he's not logical or anything like that but iceman is what you call an expert.
All that free cash given to people ending up in the markets. They don't need it, they just buy TSLA or AAPL or some other nonsense.
One of my fav WS phrases... "Trying to short a bull market is like trying to stop a freight train with your face".
You think too much of yourself. The NASDAQ stocks of ‘99-‘00 have very little in common with the business models of the present day NASDAQ stars. There was and is an Internet - that is the only commonality. Who’s buying NASDAQ? The freaking world. Look at where the Nordic (especially) and to a lesser extent the Arab Sovereign Wealth Funds have been investing. In US Technology Companies. Trillions. The World is bidding up US Tech with both hands.
Tesla is nothing but hype, its once again fear of missing out than anything else....They have a market capitalization bigger than Toyota and toyota sells 20X more vehicles. These valuations are exceeding all possibilities