Investors have suspended disbelief. That’s the only way to describe what’s happening today. How else do you describe the behavior that allows a car company that’s yet to deliver a car to be valued at $65 billion?
Lest you think I’m cherry-picking, there are countless examples of this kind of froth in the equity markets.*
Meb Faber shared a chart this weekend that perfectly encapsulates investors…
Lest you think I’m cherry-picking, there are countless examples of this kind of froth in the equity markets.*
Meb Faber shared a chart this weekend that perfectly encapsulates investors…
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