Just some of the things I saw in the last few days…
- Penny stock volume is up 2000% YoY (and that’s pre-stimulus checks)
- Dave fucking Portnoy is now doing a day trader bit telling people “stocks always go up”
- ARKK’s insane prediction of the price of TSLA, which would make TSLA account for ~20% of US GDP in 2025, and over 100% of the global auto industry from a market cap perspective, despite them having declining YoY delivery growth for the last 3 years
I know you can’t time the market, but this can’t continue much longer, can it?!
Hard to say. People were saying that in 2018 and line went up since then. The ARK TSLA valuation was pretty funny though.