"You mean it was a bubble?", "Always has been" $TSLA $CSCO
What else is there to say? This will be looked back on as the epitome of the 2020 stock market bubble akin to Cisco back in the dot com era. A sign of our times.
This chart is a thing of beauty, but unfortunately the music has come to a stop.
I don't suppose Elon becoming the richest man in the world, changing his name to "the Technoking" and shilling Doge on SNL is a top signal, right? "But money printer go brrr"... Well I guess that means everything will go up forever. Hopefully their claimed losses from their bitcoin investment will be able to offset the lack of income.
The chart speaks for itself. Tesla promises the future but isn't there yet. Sound familiar? Keep in mind
CSCO
has never reclaimed the 1999 bubble top AND they ended up delivering as a top player in the industry. Tesla may be able to justify $900 stock price again some day but I wouldn't plan to see that money anytime soon.
ngmi
This chart is a thing of beauty, but unfortunately the music has come to a stop.
I don't suppose Elon becoming the richest man in the world, changing his name to "the Technoking" and shilling Doge on SNL is a top signal, right? "But money printer go brrr"... Well I guess that means everything will go up forever. Hopefully their claimed losses from their bitcoin investment will be able to offset the lack of income.
The chart speaks for itself. Tesla promises the future but isn't there yet. Sound familiar? Keep in mind
CSCO
has never reclaimed the 1999 bubble top AND they ended up delivering as a top player in the industry. Tesla may be able to justify $900 stock price again some day but I wouldn't plan to see that money anytime soon. ngmi