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> that's probably a sign that the stock market is massively overvaluing everything No it's not. The performance of stocks was always only weakly linked to actu
by chmod775 5y ago
> that's probably a sign that the stock market is massively overvaluing everything
No it's not. The performance of stocks was always only weakly linked to actual company performance.
There are countless examples of companies that are hardly profitable and not even a tenth the size of their competition, but are valued at twice the price of some of their competitors. It's mostly made-up prices created entirely on hype that often make less sense than the soccer trading card market.