Posted by DigiNomad on 25th of Sep 2022 at 09:53 pm
Agree but have to be careful with TSLA because, well because of
the same reason the market found a bottom and went straight up in
2020 with the global encomy shut down. If it doesn't make sense,
then the Gov is probably supporting it with the printing press.
TSLA a huge beneficiary of the recent Gov largesse aka the
inflation reduction act. Does a 108 PE make any sense? Well, not in
a well functioning market, but in a market propped up by printing
presses (which is still is), you have to consider it might climb a
wall of worry (which really just means climb a wall of Gov induced
liquidity)
Agree but have to be
TSLA Views
Posted by DigiNomad on 25th of Sep 2022 at 09:53 pm
Agree but have to be careful with TSLA because, well because of the same reason the market found a bottom and went straight up in 2020 with the global encomy shut down. If it doesn't make sense, then the Gov is probably supporting it with the printing press. TSLA a huge beneficiary of the recent Gov largesse aka the inflation reduction act. Does a 108 PE make any sense? Well, not in a well functioning market, but in a market propped up by printing presses (which is still is), you have to consider it might climb a wall of worry (which really just means climb a wall of Gov induced liquidity)
That's how I feel about
Posted by simple_million on 25th of Sep 2022 at 11:23 pm
That's how I feel about the whole market. Cem says stimmies are part of the zeitgeist, I don't see why a Fed backstop wouldnt be the same.