@cantonmeow Lmao, one things certain it will be the poster child in the history books and articles about the AI boom and how it reached a mkt cap of $500B. If you’re long and not realizing gains up here you’re gonna watch the paper gains evaporate again.
They need to double revs to maintain current PE ratio even with their growth story. Their mkt cap is now in line with $wfc and $C combined. The multiple is beyond extended, I know my example on mkt cap comparison is apples to oranges but they’re the outlier given this gift that won’t last
@amitisinvesting And now the slide will commence again. The one thing they don’t have going for them is revs. AI trade now suspect expect high PE’s to return to reality. Intrinsic value is roughly $60
@AlexMasonCrypto Buffet indicator is currently 227%+ of GDP, notable crosses of 100% were 2000, 2008… Greed will kill once again
https://t.co/Ml6u2olQch
@MichaelJBurry__ Also no need nes talking about this chart, 200+% of GDP today, we allow greed and day to day run uos and are all confused when things turn
@MartinShkreli Housing #’s tomorrow early, builders have been weak as of late. Housing/builders and the $RICK all early indicators showing weakness lately. I think tops in as well, Powell comments about overvalued stocks was a bit of the cherry on top today.
@zerohedge We had a few large builders in Denver pause the additional phases of their projects last week, this was where I recall the start late 2005. Kicked the can 5 years should’ve let it go back in 2020