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  1. Yesterday
  2. The end is nigh. You Can See How Dark Matter and Dark Energy Drive Stocks Higher
  3. Gamestop call option action today was a giant bell tolling very, very loudly.
  4. Last week
  5. i think the world went insane and we are close to some kind of important point in 2021.
  6. Now remember boys and girls, in which direction do dinosaur patterns resolve?
  7. Totally crazy trading here in the speculative market. There's a massive FOMO factor. I'm a small player in small parcels and I turned over almost $6k this week without even trying. This is beginning to feel like a full time job, arrrrgh .. 🙄
  8. The widely accepted Wall Street conventional wisdom is that the market discounts the future. LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLO LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLO LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLO Think about it. Price is established at the margin right? I can agree to that piece of economic theory. Stock prices are set in individual trades. Who are the actors in those trades? Two guys sitting on the toilet with their phones in hand trading their robin hood accounts? A computer
  9. Right! it’s... the... uhh.... It’s the discount that markets the future!
  10. Right. PE is a pure price measure. It is the theoretical price of $1 of theoretical earnings. It's really a sentiment measure, because the buyer of that dollar of earnings has no claim on it whatsoever. Stocks have no more value than bitcoin. Their worth to the owner is what someone will pay them for it when they want to sell it. Stock prices are figments of traders' imaginations based on how much cash they have in their pockets. And over the past dozen years that's been most heavily determined by how much cash the Fed wanted to give them.
  11. Loaded with cash, investors want to stockpile absorbent paper, but there's a shortage of it.
  12. PE is quite above average, a technical indicator unaffected by dollar devaluation.
  13. The change in price level is a response to changes in liquidity that drives demand, and the supply of paper that absorbs it. If there's more money than there is absorbent paper, prices rise.
  14. Is it? Or is the market just discounting the lower purchasing power of the dollar that is to come and adjusting stock prices as measured in future dollars.
  15. everything is priced for perfection. what could possibly go wrong?
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