Loading ...“Most developers love Git and they all love distributed versioning because it really works well”
Many of us “love” lots of things. I love chicken mole but I wouldn’t pay $7.5 billion or even $288 for it.
No matter, stocks will continue to rocket higher because there is so much currency sloshing around the globe desperate to purchase anything of any value before the currency becomes worthless. The S&P 500 will likely surpass 3000 in the next month or two and targets will be immediately raised to 3500 for year end.
Based on the return you can earn on investments, all assets could be considered overpriced. But, based on the fact that the push to devalue currencies is accelerating, assets are underpriced.
This time is different because there is a worldwide push to drastically devalue major currencies and wealthy people are unloading their cash for whatever they can get – those are the cold hard facts.
one word: devaluation
are stocks overvalued or is currency overvalued and those holding it starting to panic out of their currency holdings?
Your recency bias gives you the impression that your dollars still have value and it should take fewer to buy AAPL – but your impression is wrong.. Buy whatever you can for whatever it costs because the price is just going up. Cash is trash.