4 ms·
i believe the comment was an reference to coinbase $100B valuation, most of the money printed ends up in the stock market, because institutions can't do anythin
by snicksnak 6y ago
i believe the comment was an reference to coinbase $100B valuation, most of the money printed ends up in the stock market, because institutions can't do anything else with it which pumps up the prices. Global economy is tanking, stock market is up.
- wtf_is_up 6y agoStock market is forward looking. It priced in vaccines last spring. Now it is pricing in a complete economic rebound and return to normal this year. Look at commodities, yield curve steepening, flight to airlines, cruise lines, etc and away from WFH tech that got overbought post-Covid.
- ramblerman 6y agoWell I guess it's forward looking ... until it isn't.
- wtf_is_up 6y agoRight. It's forward looking, based on data available and projections. Doesn't mean it's always correct.