Regarding the premise of the post: it’s not like the stock market is “wrong” now at these levels any more than it ever is.
If I believe any stock is way overvalued, I should avoid it or maybe even short sell it.
If I believe any stock is way undervalued, I should buy it.
Either way, the stock market is not right or wrong now any more than it ever is. If I see something that I deeply believe is incorrectly valued, it’s not wrong, it’s an opportunity.
For my part, I think many tech companies are in very good shape and one of my favorite tech companies is very close to its historic highs. I watch hotel stocks sometime and I just don’t get why they haven’t been hit harder — Hyatt and Hilton were going all-in on China until this year, and I don’t see that turning out well for at least 2 years, not to mention a decrease in European and US travel. Also, the vibe I get is that many corporations are going to play it safe on business travel and conferences no matter how low the ifr goes — there will still uncertainty and risk of sending your employees into a regional flareup. But there are relatively few cases like these.
If I believe any stock is way overvalued, I should avoid it or maybe even short sell it.
If I believe any stock is way undervalued, I should buy it.
Either way, the stock market is not right or wrong now any more than it ever is. If I see something that I deeply believe is incorrectly valued, it’s not wrong, it’s an opportunity.
For my part, I think many tech companies are in very good shape and one of my favorite tech companies is very close to its historic highs. I watch hotel stocks sometime and I just don’t get why they haven’t been hit harder — Hyatt and Hilton were going all-in on China until this year, and I don’t see that turning out well for at least 2 years, not to mention a decrease in European and US travel. Also, the vibe I get is that many corporations are going to play it safe on business travel and conferences no matter how low the ifr goes — there will still uncertainty and risk of sending your employees into a regional flareup. But there are relatively few cases like these.