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Scary. When the truth about housing was exposed, the financial system was forced to reconcile. The system has measures in place that must be taken by policy. E
by jollybean 5y ago
Scary.
When the truth about housing was exposed, the financial system was forced to reconcile. The system has measures in place that must be taken by policy. Ergo, the truth shatters that house of cards.
But Tesla? Meet Nikola! The fakest company ever, with no product, no development, a proven liar/scammer leadership, with failed deals and vapourware. Still. Worth. Billions.
The kids on RobinHood (and many others) are playing a different game, so the 'truth' matters less.
This is why I'm wary that market reality may not take hold for Tesla - and - that this reality is skewing a lot of other securities as well.
I almost wishing the Fed would bump up interest rates just a little to bring some reality into the markets.