, to take the obvious example, has gained $108 billion in market value in two weeks. More than $34 billion worth of the stock traded on Friday alone, twice the turnover that day in Amazon – a company whose market cap is more than five times as large.
This is fevered, heedless action, feeding on itself and punishing the disciplined. And the more it goes on or spreads to other stocks, the harder it will become to make the case that this is a market unappreciated by a skeptical investing public.
they will never mention the moral hazard that is happening ? Recession, issue, president encouraging stock purchases without fundamental support. It already happened in 2008 with investment banks, is not putting together the same ? !!! realDonaldTrump
Back in 1970 we had the Poseidon stock market boom and bust. Tesla is beginning to feel an awful lot like that.
Overvalued stock. ^