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The market is always right. I just don't believe anyone is willing to take such big risks of failure anymore with so little chance of winning. SNAP was priced s
by rmoriz 10y ago
The market is always right. I just don't believe anyone is willing to take such big risks of failure anymore with so little chance of winning. SNAP was priced so expensive and just to justify the 17$ it would need to make money for years or grow exponentially. Which both didn't happen in the last couple of years, growth is even declining.
- prostoalex 10y agoThe subset of the market called "equities traded publicly on U.S. exchanges" is right within its own local maxima of pricing such securities, but it's still subject to inflows and outflows, which depend on macroeconomic picture, interest rates and attractiveness of other subsets. Specific securities, sectors or the stock market in general still can be overbought and oversold.