Go DOWN Already. What the is going on here?! Nothing discounted?

S2007S said:
......These valuations are exceeding all possibilities
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Lets imagine you are right with your prognosis.
Let's also imagine in 6 months time the market crashes.
Now imagine your jubilation and you crow "told you guys so all along".
However a bunch of ETers will say "we've got our money and escaped" while S2007S can throw words into his bank account and during the coming winter will feel warm from 'being right'.
money-cash.gif

This aint S2007S btw.
 
bone said:
People buy stocks for future earnings potential. Toyota can’t sell 20X of something that will be outlawed or mandated into nonexistence in 5 or 10 years. Tesla is building Giga Factories in the US, EU, and China. I used to be a sceptic - then I saw how poorly VW, Porsche, BMW, Jaguar, GM, and the others have fared to date with their EV rollouts.
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Eventually a number of these companies will catch up in the EV market and increase competition for TSLA. When future regulations start to significantly drive down sales for these companies in their current market segments, they will have to invest more in EV's. Some will succeed, some will not. TSLA is the Nokia/Blackberry of EV's, a pioneer in their area, but with time, stronger competition will come, not saying they won't survive, because they have a huge headstart and advantage at the moment.
 
Specterx said:
Not sure why people are trying so hard to rationalize present valuations. Valuations don't matter in a bull market with unlimited easy money, especially given the gargantuan mountains of cash around the world desperate for any escape from the ZIRP black hole, and the widespread perception that CBs will never again raise rates nor allow risk assets to sell off. All that really matters at the moment is what's hot, what sectors/names are fashionable, and above all what's been going up.

When one or more of these factors changes, then look out below - but that day might be years off, and in the meantime we're in a bona fide stock mania.
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Exactly right. It doesn't matter until it does.
 
bone said:
You think too much of yourself.

The NASDAQ stocks of ‘99-‘00 have very little in common with the business models of the present day NASDAQ stars. There was and is an Internet - that is the only commonality.

Who’s buying NASDAQ? The freaking world. Look at where the Nordic (especially) and to a lesser extent the Arab Sovereign Wealth Funds have been investing. In US Technology Companies. Trillions. The World is bidding up US Tech with both hands.
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You are saying this time it is different.
 
iceman1 said:
All minimal good news is bought and all bad news is ignored. Nothing is factored in or discounted like the past 100+ years.

WHAT?!

Who are the nutjobs or geniuses buying nasdaq at this level? I must have learned nothing in the past 20 years after witnessing the nasdaq bubble pop in 2000-2001.
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There are a lot of us here who practice buy high and sell higher and we have been right since 2009. We are Taleb's turkeys and this is day 999.
 
I’m simply saying that the business models and revenue streams of the NASDAQ composite index Companies present day are much more diverse and fundamentally different in nature than the Companies that comprised the index in ‘99 and ‘00. The dot.com bubble was rampant speculation on how the internet would be used for commerce. Most of those Companies didn’t pan out, and twenty years later we have a much better understanding on how the internet is used for commerce.

And to a some extent this is true for the Dow Jones also. (16 Companies dropped from the Dow, including GE, Kraft, Alcoa, AIG).

ironchef said:
You are saying this time it is different.
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