It is not manipulation. The stock is tremendously overvalued and has been basically forever, but that doesn't mean it will go down. Unfortunately "fundamental value" doesn't mean shit in a popularity contest where you have a lot of retail money investing in whatever they happen to like.
Although equities historically are the asset class providing the best return over the long-run, this is why I prefer bonds. With a bond, if your analysis is right, you get paid at maturity. With a stock, you can be right, and it doesn't matter. Stock is only worth what somebody will pay for it, and that can largely be determined by sentiment.
Although equities historically are the asset class providing the best return over the long-run, this is why I prefer bonds. With a bond, if your analysis is right, you get paid at maturity. With a stock, you can be right, and it doesn't matter. Stock is only worth what somebody will pay for it, and that can largely be determined by sentiment.