Excellent! Fuck Musk.
And while I’m not an AI hater, that is 100% the investors trying to cash out before the industry runs into trouble.
Orrrr its literally baked into the definition of what it means to be on the S&P.
For those that didn’t see the article from yesterday, the relevant rule that they refused to waive was the one that said a company must be profitable.
lol
I’ve already withdrawn money I had invested in US.
You can’t convince me this isn’t bubble:
Here’s an even more interesting one:
It’s the P/E ratio (the ration between the stock Price of a company and it’s Earnings) of the Nasdaq vs the Price.
Notice how the Nasdaq price has tracked the P/E, with since at least 2020 the stock prices not increasing because company earnings are going up but rather just from increased speculation hence the rise in the ratio of stock Prices to Earnings.
The P/E (in other words, the company stock prices relative to the actual money a company makes) is now about twice as much as back in 2020.
Biased mfs
