Stock Market is nuts right now
- Thread starter sturg33
- Start date
acesfull86
Well-known member
I'd rather not look at this point. Just watching baseball, sipping scotch, taking aspirin.
sturg33
I
I lost about 20% too. Freaking communist and socialists governments ruining our retirement stash.
I do think American stocks were over inflated; Tesla probably won't make it, Netflix doesn't make money, Disney relies to much on ESPN (which will get slaughtered when people cut the cord).
I do think American stocks were over inflated; Tesla probably won't make it, Netflix doesn't make money, Disney relies to much on ESPN (which will get slaughtered when people cut the cord).
sturg33
I
Some are for sure. but the Dow is only trading about 13X earnings right now... The S&P is a little over heated but nothing crazy.
zitothebrave
Connoisseur of Minors
Tesla is gonna wreck it all when they release their low cost model and have their recharge stations up. Not to mention powerwall. I know so many people who're geeking out hardcore over powerwall.
Tesla is an old school company operating on modern excitement. It takes a long time for a revolution, and they're at the forefront.
Now I think in the end, they'll get bought out by Ford or GM but I hope that doesn't happen.
Tesla has 2 barriers to overcome that they almost have. Long range of vehicles and cost. The supercharger can give you 170 miles of range in a half hour. Meaning you drive 2-3 hours and rest for a half hour which is what most people do sort of anyway. It adds some time to trips, but it's hardly extraordinary. Second is cost which their low cost model should be able to start bringing that down.
Just hope Tesla doesn't get bought out by one of the bigger companies and then their progress either gets delayed or put on hold "indefinitely".
zitothebrave
Connoisseur of Minors
I don't think they'll sell for a bit. LIke 10 years at least. But I think it happens when they almost inevitably win the eCar battle.