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In other words no one believes these companies are as valuable as they are. People are seeking somewhere easy to grow their money.
by almost_usual 6y ago
In other words no one believes these companies are as valuable as they are. People are seeking somewhere easy to grow their money.
- whatshisface 6y agoIn other, other words, dollars are worth much less than companies. Companies are worth a little less than they were last year, but dollars are worth a lot less. The price of a share isn't the value of a share in absolute terms, it's the exchange rate between dollars and the company. Low interest rates is the Fed saying "get rid of your dollars," and high asset prices are the market saying "yes, sir."