3 ms·
I think the market is just normalizing. The overall climate was pretty insane. Free money (interest rates), stimulus money etc. I found it pretty fascinating th
by kriro 4y ago
I think the market is just normalizing. The overall climate was pretty insane. Free money (interest rates), stimulus money etc.
I found it pretty fascinating that during a time that was pretty tough overall (global pandemic + supply chain issues) the stock market was basically saying we are in a golden age. That felt "wrong" to me but if I had acted on it, I'd be broke now because the market certainly outperformed my wildest expectations.
As a value investor at heart, I still cannot rationally fathom some valuations (Tesla >100 PE). However, most tech companies seem pretty solid fundamentally and not close to .com bubble times. I cannot speak for crypto since I live in a bubble were I ignore it completely.
- nemo44x 4y agoIt's really about interest rates. The idea was that there's no way the Fed will be raising rates anytime soon so everything went on sale. Yes, an over extension is a lot of things is probably fair. Snowflake is not a 100B company today, for example.