Quote:
Originally Posted by Buehler445
I had to do some highway driving today. That's when my mind really ****ing goes. If I drive around here, I'm always looking at crops and shit, and when I'm doing field work I'm operating the machine instead of spacing off. But I spaced out today.
Is this not the .com bubble? I mean we're not having companies with 0 revenue (except Nikola) have huge stock prices, but P:E is way out of line and there is just stupid money floating around.
I haven't thought about the .com bubble because it was sooooo stupid we could never do anything like that again, right? But there are a lot of similarities.
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I don't think it will be that severe, but it certainly has seemed that the rise of some of these stocks is a game of musical chairs. Everyone keeps building them higher and higher for no reason and it may be that tipping point where the music has stopped and people are scrambling to get their profits. I could easily see someone like Tesla slip back to 250-325. There was no reason for it to triple in 6 months like it had, and I think people with huge positions and experience know that and are therefore selling leading to the drop.