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The U.S. Federal Reserve is to blame for inflation and rising housing prices, said Danielle DiMartino Booth, CEO of Quill Intelligence, who said that 2023 is...
Futures are currently up, not that that means anything right now given how volatile things have been. I feel like this week will be the make or break moment. If the market goes lower, it means ugly times coming up. Could be totally off, but my gut is telling me it's only going to get worse from here (in the short term)...
Have to think these 2022 EPS estimates will come down, but for now....stock valuations are coming down quickly and by some measures not high anymore. Well below recent averages.
FactSet:
The trailing 12-month P/E ratio for $SPX of 18.1 is below the 5-year average (23.1) and below the 10-year average (20.2)
The forward 12-month P/E ratio for $SPX of 16.4 is below the 5-year average (18.6) and below the 10-year average (16.9)
right now musk is flailing so his shares are falling fast. He lost on Dogecoin. he lost on twitter. He seems think he has a brilliant political mind when it's more like a sophomore boy at Duke. There hasn't been much coming out of Tesla lately, and the competition is gearing up big time.
meanwhile tesla stock, by normal valuation standards, should be cut in half at least.
So will musk heal his reputation and wow everyone again with some new product? Cause if this twitter catastrophe is what he is interested in....he's going to be a money pit for many years and tesla shares will reflect that.
put another way, musk whacking tesla shareholders with a 2 x 4 (b/c twitter) and showing no remorse has woken up many shareholders....musk may not in fact have tesla shareholders' interests close to his heart. Musk doesn't care that he cost them fortunes with this twitter fiasco. And it suggests his judgment is poor right now.
I’ll bet on month end and into holiday rally. Then the gradual decline of this bear market resumes, to bottom much lower months from now.
I know you kids are all looking for "the" capitulation. If history is any guide, there's not going to be just one.
At the recent bubble peak, valuation measures best-correlated with actual subsequent market returns exceeded the 1929 and 2000 extremes. This will unwind in waves. pic.twitter.com/TfcgxWYhgN
— John P. Hussman, Ph.D. (@hussmanjp) May 23, 2022
he promised to pay $54 for a company whose shares now cost $37. And he seems to have done so without doing standard due diligence.
now musk does not know what to do.
This is not criticism fom small minded gents. it was stupidity on a giant scale. Many potential tesla shareholders will not trust the guy again because of that.
Uumm...I will. Have you seen how many Teslas are on the road and that's only going to increase? I hope you understand he did not buy Twitter to make money right away. At least not yet.
Tesla is going to have to sell a lot more than cars to justify its crazeballs valuation. That stock is not normal. It's way, way, way, out of bounds of normal. Do not make the mistake that the wisdom of crowds has decided this is a fair valution. there is personality cult going on here that skews peoples' judgment. Dude is a celebrity as much as he is an engineer. Celebrity makes people want to bet alongside the celebrity. Doesn't mean it's wise to do so.
if all tesla does is sell a lot of cars, the stock will crash. It will be valued like a car company. Which will hurt a lot.
Agree with agip, Musk has always been somewhat of a snake oil salesman. He engineered the Tesla purchase of Solar City to save his own investment. Pumped Tesla stock up with suspect financial and sales metrics. Regulators have been asleep at the wheel for this company, crypto, meme stocks, trading apps, really on a variety of issues that are endemic in this bubble.
The whole reason I initially bought TESLA stock was due to the absurd attacks the establishment was making on this guy back in 2020, well before twitter or the fake sexual assault allegations.
he promised to pay $54 for a company whose shares now cost $37. And he seems to have done so without doing standard due diligence.
now musk does not know what to do.
This is not criticism fom small minded gents. it was stupidity on a giant scale. Many potential tesla shareholders will not trust the guy again because of that.
I am fine with the twitter I hold.
It will be worth $54 and more soon enough.
He will get the company.
Twitter lied about the number of bots.
That's on them, not Musk.
keep in mind that people betting alongside Musk lost almost everything on dogecoin, are currently down big on twitter, and down c.50% from Tesla's 52 week high.
he's on a mega losing streak. Caveat emptor. No way I'd bet with that guy as he burns through billions.
keep in mind that people betting alongside Musk lost almost everything on dogecoin, are currently down big on twitter, and down c.50% from Tesla's 52 week high.
he's on a mega losing streak. Caveat emptor. No way I'd bet with that guy as he burns through billions.