[aguyfromnb]

>The markets already know the figures are terrible and that’s priced in already.

I'm amazed that there are still people out there that believe the stock market is composed of a ton of rational actors calculating the net present value of future cash flows from these busiensses, and buying and selling shares accordingly. I'm sure that's how Shopify has valuation metrics far higher than Amazon did during the peak of the Dotcom bubble, or how Uber loses $3B on $3.5B in revenue, while admitting their "growth product" sucks, and it goes up 10%+, or how companies like Virgin Galactic can lose $60MM on $250k in revenue!

If you ask me, stocks are going up because the entire global finance system faces tremendous uncertainty, with every country printing money as fast as they can, trying no to collapse into depression. There is literally no alternative to US stocks.

[vernie]

Thank you Based God [0]

[0] https://twitter.com/lilbthebasedgod/status/12396035023068815...