08-19-2020, 11:00 AM
(08-19-2020, 10:52 AM)BostonCard Wrote: As Kai Rysdall from marketplace likes to remind.
However, it is worth mentioning that the S&P 500 has regained all its lost ground since February and closed at a record high. Any objective measurement of the economy now, compared to February make me think that valuation makes no sense.
Also, Apple is a $2 trillion company. I like Apple products and all, but I just don't see it.
BC
Kind of insane how the stock market has responded, but I guess that happens when you are pumping so much money in as stimulus. Apple is the first $2T company and frankly, it's more fairly valued by some metrics than other high-flyers, especially Tesla. Berkshire-Hathaway took a position in gold, which surprised some people. The people I follow have large positions betting in this being a major bubble and precious metals going to do well, perhaps after some pullback if there's a big general stock market drop.
