> Foreigners poured a record $290bn into US stocks in the second quarter and now own about 30 per cent of the market — the highest share in post-second world war history. Europeans and Canadians have been boycotting American goods but continue buying US stocks in bulk — especially the tech giants.
I fail to find any plausible explanation for this other than the fact that yes, it is a bubble. Tesla, a car company facing declining sales, an executive exodus, and a CEO who’s more of a liability, is almost a $1.5T company now. An absurd P/E of 259. Sure, P/E isn't the most realiable metric. But, for a company with declining sales, and onslaught from Chinese competitors, a P/E of anything above 50 is absolutely ludicrous. Do people actually buy into the absurdity of humanoid robots and robotaxis?
"Be fearful when everyone is greedy." I’ve cashed out of U.S. stocks, and I think it's wise thing to do when craze is at its peak.
I fail to find any plausible explanation for this other than the fact that yes, it is a bubble. Tesla, a car company facing declining sales, an executive exodus, and a CEO who’s more of a liability, is almost a $1.5T company now. An absurd P/E of 259. Sure, P/E isn't the most realiable metric. But, for a company with declining sales, and onslaught from Chinese competitors, a P/E of anything above 50 is absolutely ludicrous. Do people actually buy into the absurdity of humanoid robots and robotaxis?
"Be fearful when everyone is greedy." I’ve cashed out of U.S. stocks, and I think it's wise thing to do when craze is at its peak.