A year ago Tesla was trading at less than 2x sales.
Today: 12x. $TSLA
Chart via @ycharts pic.twitter.com/Ep47xpVe6Y
— Charlie Bilello (@charliebilello) July 22, 2020
US Investment Grade Corporate bond yields move below 2% for the first time. The Fed remains a buyer at any price/yield.
Chart via @ycharts pic.twitter.com/tIrw3FY1LU
— Charlie Bilello (@charliebilello) July 22, 2020
Further, $TSLA is up on achieveing 4th QTRLY profit, but excluding the ZEV credit income… Tesla is not profitable.
Why would an unprofitable company be allowed into the $SPY? Do bulls think the committee who decides won’t notice? https://t.co/58tojYolGA
— Samantha LaDuc (@SamanthaLaDuc) July 23, 2020
S&P 500 Market Cap-to-SALES ratio pic.twitter.com/dELyTQBkFT
— M/I_Investments (@MI_Investments) July 22, 2020
ONE CHART THAT SHOWS HOW CRAZY 1999 WAS
For the @Markets newsletter, I wrote about comparisons between the stock market in 2020 and 1999 and how 1999 was just way crazier. For example, $EBAY had *14* days in 1999 where it rose 10% or more. https://t.co/wcvqyIJLNs pic.twitter.com/2f2E62b9h3
— Joe Weisenthal (@TheStalwart) July 23, 2020
Insider Selling pic.twitter.com/OoiB0SWzq4
— Win Smart, CFA (@WinfieldSmart) July 23, 2020