Stocks are a JOKE at this point (SRS).

11-24-2020, 11:03 AM

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#91

entropy91
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Originally Posted By donblaximus⏩

You understand that stock prices are built upon potential in the future right? If you are looking at surface value of Car X vs Car Y and trying to justify the stock prices, then perhaps the market is not for you. Just invest in index funds and reap the benefits over 20-30 years and quit racking your brain on things you dont want to comprehend.

If you are interested/invested in the market and you feel TSLA is over priced (i can certainly see why you could believe so but you havent given any real evidence to show your basis) then what stock are you invested in and why?

This argument doesn't really fit. How far in the future are people looking for potential earnings? Teslas pe ratio is almost 1000. Are you just going to value a company based on potential earnings 100 years from now?

11-24-2020, 11:04 AM

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#92

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Originally Posted By ontclone⏩

no, i think if you buy solid companies in the stock market you should be fine even if the market crashes, because you know those companies will ride out the crash/ recession and bounce back, just make sure you have good companies in your portfolio if it happens, it might not. and also have money on the side so you can buy more stocks if the crashes does come.

I think that is sound advice. I dont typically invest in individual stocks on company's i dont have insight into. Being that I am in tech, I typically stay close to that as we have conversations daily about things company XYZ are doing well before the stock "POPs".

In the past Ive done well with Vmware, Apple, ********, NVIDIA, AMD
In the past Ive lost money on Basuch and Lomb, oil stocks, bank stocks (all things outside of my expertise)

Currently I am invested in all digital companies and a few major energy companies. Companies that are harnessing the value of AI are the future IMO. Still early days in that space.

11-24-2020, 11:09 AM

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#93

saltypits

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Originally Posted By entropy91⏩

This argument doesn't really fit. How far in the future are people looking for potential earnings? Teslas pe ratio is almost 1000. Are you just going to value a company based on potential earnings 100 years from now?

Buy on rumour, sell on news.

I said this before: The stock will tank once they start making money for real, if ever.

11-24-2020, 11:10 AM

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#94

donblaximus
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Originally Posted By entropy91⏩

This argument doesn't really fit. How far in the future are people looking for potential earnings? Teslas pe ratio is almost 1000. Are you just going to value a company based on potential earnings 100 years from now?

Thats the million dollar question right? If anyone knew that they would rule the world. My post was just addressing another poster's position using data about today's cars vs future cars.
Nowhere in this thread have i tried to justify the price/valuation of Tesla. I am however stating why there is so much hype behind it.

11-24-2020, 11:16 AM

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#95

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Originally Posted By ontclone⏩

where else are rich people going to put their money if everyone knows inflation is going to take place as the government keeps printing billions of dollars.

Real estate.

11-24-2020, 11:18 AM

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#96

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Originally Posted By Drew23⏩

Tesla is a massive diversified company that is advancing technology and solutions at an exponential rate. LMFAO if you think all they are is a car company.

This fuking lmao. With all this talk about climate change, the green new deal, going green, phasing out fuel guzzlers how could Tesla not increase their stock. They have superior technology and probably other companies are using their battery technology. And there are cheaper Tesla models that go for 35-40K so the average working middle class family can afford it. They will get cheaper in the next few years as battery production becomes cheaper and more efficient and they recoup their R&D costs.

You can buy a Tesla in literally two minutes of visiting their website. lmao at visiting a dealership and having to deal with car salesmen. With Covid some of these dealerships are closed. And you can get it easily delivered to you.

This is a trend with other technological based companies similar to Tesla.

Granted some of their models look like complete dogchit but one will hope they will improve someday lmao.

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11-24-2020, 11:21 AM

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#97

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Originally Posted By backinthegymbro⏩

I remember the misc making fun of anyone wanting to buy tesla stocks. Claiming ''Just lol @ buying stocks of a company that can't even make a profit''.

I was this guy once. But Father Elon struck me blind on the road to Damascus, and now I have come to believe.

Now that they've turned a profit, some states/nations are mandating electric vehicles by 2040, and Detroit has been caught with their pants down and are 10 years behind in EV tech, I think Tesla has a very bright decade ahead of them. Doesn't make sense to buy them during a hyooge runup, but they can sustain a big valuation now.

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11-24-2020, 11:22 AM

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#98

Coldsloth
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Originally Posted By Weezy32⏩

Tesla stock to the MOON up $100 in only a month but WHY ?

Who is going to be buying Tesla's $60-70-80-100k cars ?

-Airline industry is in the ****ter with airlines laying off 100 000s of people and airlines losing 5-6 billion every quarter
-Travel industry is complete ****
-Restaurants / Gyms are fighting not to go into bankruptcy due to corona many have already filed
-Journalis industry is going into ****, CNN is 150 billion in debt and ATT is trying to sell it. -Huffington post just got sold for peanuts to buzz feed
-15 million Americans are about to lose unemployment in December\
-Layoffs bankruptcies everywhere i look.
-Whole industries begging government for bailouts

BUT BUT BUT

STOCKS TO THE MOON.

Am i the only idiot that sees something really fukkin wrong with stocks. My friends keep talking how they are making money in stocks and i am just like is this real life.

Can’t speak for other industries, but I’m in automotive and demand is back where it was pre COVID and these are expensive ass cars.

<HTC>

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11-24-2020, 11:32 AM

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#99

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Originally Posted By Maestro⏩

Real estate.

Yep, Real Estate seems to attract the wealthiest individuals. I never thought my network would include some of the people it does since I started getting involved with it.

11-24-2020, 11:37 AM

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#100

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Also, we're going on 12 years of a nonstop, US govt-manipulated market runup, brahs. If there was ever a time for the big money to sell high and hit the doors, it was during the Rona crash, but that chit hit a new ATH in 6 fuqqin months.

I am convinced at this point that the US govt will do everything in its power to maintain high stock valuations, and the market only crashes when they crash.

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11-24-2020, 11:40 AM

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#101

DizzySmalls
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Originally Posted By dmaaack⏩

Cant wait until all these bubbles pop in our lifetime.
We are fcked.

Why can you not wait? That's the literal end of our civilization when the big bust comes through. I was kind of hoping to drag this out for about twenty years, but not looking good.

11-24-2020, 11:40 AM

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#102

saltypits

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Originally Posted By FA*******⏩

Also, we're going on 12 years of a nonstop, US govt-manipulated market runup, brahs. If there was ever a time for the big money to sell high and hit the doors, it was during the Rona crash, but that chit hit a new ATH in 6 fuqqin months.

I am convinced at this point that the US govt will do everything in its power to maintain high stock valuations, and the market only crashes when they crash.

Sounds like the Dems are (correctly) going to do everything they can to keep the economy going, so I think you are correct.

If they change their stance though, they will have no choice but to print literal money, and that would cause currency devaluation which would raise interest rates. If you hear any whiff of redecision, get out of stocks ASAP and into bonds.

11-24-2020, 11:44 AM

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#103

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interest rates are almost zero there is nowhere else to invest your money.

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11-24-2020, 11:46 AM

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#104

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Originally Posted By xlncx⏩

Lmao basically saying it’s down to a new breed of investors eg redditors who dgaf about actual numbers and are just buying it up also talks about Tesla

Airlines going up 5% today

feelsgoodman

Entire portfolio is green today. I'm in PLTR, JETS, CRSR

11-24-2020, 11:48 AM

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#105

saltypits

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Originally Posted By STLbuilder⏩

interest rates are almost zero there is nowhere else to invest your money.

That's actually not totally true anymore. Many countries' currencies have tanked because they locked down and started printing real money, which combined with their GDP contraction has forced them to raise their prime rate. Countries like the UK have literally run out of money. Gah.

My bond fund has returned 8% for the year, which is quickly approaching junk bond territory returns. LOL.

11-24-2020, 11:50 AM

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#106

saltypits

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Originally Posted By xlncx⏩

Lmao basically saying it’s down to a new breed of investors eg redditors who dgaf about actual numbers and are just buying it up also talks about Tesla

Airlines going up 5% today

Institutional investors love retail investors. Christ people are going to get murdered when big holders start dumping TSLA.

11-24-2020, 11:54 AM

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#107

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Originally Posted By saltypits⏩

That's actually not totally true anymore. Many countries' currencies have tanked because they locked down and started printing real money, which combined with their GDP contraction has forced them to raise their prime rate. Countries like the UK have literally run out of money. Gah.

My bond fund has returned 8% for the year, which is quickly approaching junk bond territory returns. LOL.

Interdasting.

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11-24-2020, 12:00 PM

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#108

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Originally Posted By FA*******⏩

Interdasting.

FTSE World Government Bond Index has returned 10.4% for the year, which is downright terrifying.

11-24-2020, 12:05 PM

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#109

propreffered7
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Originally Posted By digital022⏩

It always has been a joke. 10 year rinse and repeat cycles to extract cash out of new wealth and new generations. The common man always loses and theses corporations structure so there is zero accountability, essentially double dipping when the stimulus goes around. The whole corporate stock buy back is a joke also.

And all of a sudden *******s think they are some big time investors because they own 10 shares of tesla, stating what should or shouldn't happen with 'my economuh' so 'my stonk prices' keep rising. Our economy is becoming a running joke at this point, but at least it's being seen for what it is.

Honestly thats what ive gleaned from the thread. Chit is dangerous.. people with vested interest vicariously living through others.

I feel a lot of it is hyperbole. I think the green energy sector is great has it been proven or disproven whether oil is abiotic or biotic? If it is biotic then reserves are finite and the alternative energy sector is good. If it is abiotic than it can be produced and is not finite, then i see no need to replace current energy. Though i may now see more clearly the focus on c02 emissions. Hard to fathom theres not much talk about oil origination; fairly certain it is just widely accepted it is a fossil fuel. There would still be room for growth, though in "alternatives"

All this talk of "ai" - ok lots of room for stuff in between but as far as i know they havent replicated consciousness. So, it would seem theres a cap here until they do. Not typically what people think about when they say "ai". However, again, lots in between

I guess what i am talking about: room for growth but capped

11-24-2020, 12:11 PM

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#110

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Originally Posted By propreffered7⏩

Honestly thats what ive gleaned from the thread. Chit is dangerous.. people with vested interesteds vicariously living through others.

I feel a lot of it is hyperbole. I think the green energy sector is great has it been proven or disproven whether oil is abiotic or biotic? If it is biotic then reserves are finite and the alternative energy sector is good. If it is abiotic than it can be produced and is not finite, then i see no need to replace current energy. Though i may now see more clearly the focus on c02 emissions. Hard to fathom theres not much talk about oil origination; fairly certain it is just widely accepted it is a fossil fuel. There would still be room for growth, though in "alternatives"

All this talk of "ai" - ok lots of room for stuff in between but as far as i know they havent replicated consciousness. So, it would seem theres a cap here until they do. Not typically what people think about when they say "ai". However, again, lots in between

I guess what i am talking about: room for growth but capped

There is a ridiculous amount of oil. The amount of natural gas is truly startling - we have a few hundred years' worth at a minimum.

11-24-2020, 12:15 PM

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#111

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11-24-2020, 12:18 PM

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#112

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why does the media always act like its these "redditor" individual investors that are causing the changes in the market. Most of the transactions are institutional and the wealthy are using advisors to make their moves.

People going in and manually trading under 10k per trade in their accounts, that is such a small portion, that is not changing the direction of the entire market.

Also lol at financial news hedlines, they are so cringe, the market sways one way or another and the headline just matches up to whatever - "markets up on xyz" when nothing really happened. I mean what even happened in the last day? they already announced the vacine news last week.

11-24-2020, 12:21 PM

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#113

saltypits

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Originally Posted By elterrible987⏩

why does the media always act like its these "redditor" individual investors that are causing the changes in the market. Most of the transactions are institutional and the wealthy are using advisors to make their moves.

People going in and manually trading under 10k per trade in their accounts, that is such a small portion, that is not changing the direction of the entire market.

They do cause changes, because individual investors have massive FOMO, and they just buy at market price. I learned decades ago to always set a limit on the buy price.

11-24-2020, 12:27 PM

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#114

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Saying stocks are a joke is a completely unhinged view. Stocks represent everything around us. Your house? Built by a company with stocks. The food you eat, car you drive, roads you drive on, probably the company you work for, same thing. Stocks are just a representation of our world. If stocks collapse it means all of those things are collapsing. If you think Western Society is collapsing invest in foreign stock, if you think the dollar will collapse invest in agriculture and mining stocks. If you think al stocks are going to collapse invest in guns and ammo.

11-24-2020, 12:30 PM

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#115

saltypits

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Originally Posted By Maestro⏩

Real estate.

Tell that to the commercial real estate market.

Asset prices are inversely proportional to interest rates. Just sayin'

11-24-2020, 12:34 PM

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#116

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People think/hope Tesla will become the Apple of cars.

... but yeah, the stock market finna crash.

Real Madrid, Miami Heat, New York Jets.

11-24-2020, 12:36 PM

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#117

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Cash is getting crushed
Get your money in an asset (stock/crypto/ real estate)

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11-24-2020, 12:38 PM

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#118

dingler
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Originally Posted By Caeculus⏩

If a foot gets cut in half overnight but is still called a foot when you measure your house does the square footage double as well?

It would quadruple, but I see your point

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11-24-2020, 12:42 PM

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#119

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Originally Posted By xlncx⏩

Lmao basically saying it’s down to a new breed of investors eg redditors who dgaf about actual numbers and are just buying it up also talks about Tesla

Airlines going up 5% today

That Venezuelan bucks.

Money printers finna explode.