@SquawkStreet Hunting for bubbles. The biggest bubble isn't AI. It is EM. Elon Musk. $TSLA trades at 400 p/e, SpaceX will be similar, I bet. At a really optimistic Tesla future, it trades at 40X, making it a $40 stock.
Mr. bubble is speaking, now.
What the heck is with Marc Chaiken? He ran commercials for months telling us to SELL $NVDA. It is up $70+ since. Now he claims that Jensen Huang loves Marc's choice for a new stock. Lunatic. Who would listen to this madman?
@SquawkCNBC Thank goodness we will have another Elon equity (SpaceX) with huge multiples based on things that may/may not ever happen. $TSLA has fallen from grace with less than a 400p/e based on stuff that never really happens.
@HalftimeReport
Thanks gang for reminding me that stock money that comes s-l-o-w is somehow better than stock money that comes fast. $MU still trades below market average <10p/e, but everyone is saying to buy stuff that is 2-3 times as expensive. Brilliant.
Only if the fed gives up its inflation bias. Wage growth is a growing economy - not inflation. Supply shortages are temporary cost increases, not long term inflation - (Iran oil). The fed counts everything as inflation, imho.
BREAKING: Nithya Raman just defeated Spencer Pratt after giving a concession speech on election night and then getting the largest number in almost every mail-in ballot dump.
They just cheated in an election right in front of our eyes.
🚨 Meet Doris, she lives in California and is registered as a 126 year old who has voted in 51 elections and has NO IDEA.
California’s voting system is so corrupt that by simply knocking on the door of the “126 year old” proves election fraud.
EXPOSE IT ALL.
@SquawkCNBC
After all the 🇺🇸 waving with Trump and trips to China, etc., what the heck is Jensen Huang doing making deals with So. Korea, instead of U.S. companies? Not impressed with his choice.
PROOF OF CHEATING IN CALIFORNIA.
Notice that Karen Bass and Nithya Raman each increased by about 10,000 votes, but Spencer Pratts number stayed the EXACT SAME.
So, in over 20K votes cast, Spencer didn't get ONE.
This is IMPOSSIBLE.
The fix is surely in.
@HalftimeReport Old nonsense is old. I have lost more money in my broader market stocks than in tech, by far. Much of this month the ONLY good stock was $MU. It is still lower p/e than most "quality general stocks." Hard to move to losers just because techs are up a lot.
Democrats have completely lost their minds. This is bizarre!
Rep Jacobs: “You couldn’t admit that the shoes the president bought you were too big!”
Rubio: “I don’t know what shoes she’s talking about. What is she talking about? We’re taking about shoes? Are you guys kidding me? Is this the foreign affairs committee or is this a circus?”
@SquawkCNBC
Oh goody, SpaceX, another Elon Musk company valued on magical Musk future values. How much Taxpayer money will give this overpriced company cash flow? Another 400x p/e, waiting for the magical future project?
The bears have come out of hibernation are growling but how valid are their points.
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Peter Berezin
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