twitter.com/paranoidbull/status/1280995417333923841
How to spot a bubble:
I believe there are roughly 6 stages of a market’s valuation. People use different methods to justify buying stocks in each phase:
1. Multiple of FCF
2. Multiple of EBITDA
3. Multiple of Revenue
4. Multiple of ARR
5. Multiple of Bookings
6. Multiple of GMV— Chamath Palihapitiya (@chamath) July 7, 2020
$TSLA finally ends its winning streak, down a whopping 2%…
But Nikola is back! Up 35% TODAY. pic.twitter.com/ojuTXb1aRh
— Sarah Ponczek (@SarahPonczek) July 8, 2020
Positioning in Put/Call is disturbing vs VIX (cost of puts). I fear that the HF positioning is long and unprotected as puts are too expensive, setting up for a potential/violent Mo-factor unwind. (see yest video for more) t.co/CjuZVjO52d pic.twitter.com/PCQoqljrZO
— Michael Taylor (@biotequity) July 8, 2020
Interesting tidbit you might not know about me: I was a stockbroker at Merrill Lynch, near Seattle, when the t.co/4a6SYROPlf bubble burst.
What I learned more about humans and markets during that time has informed my research as much as anything I learned at Stanford. t.co/f2TM586ImM
— Kate Judge (@ProfKateJudge) July 8, 2020
Buffett Indicator at record %150
Watching this stock market swell is a complete joke at this point. I am thinking about taking my profits and sit on the sidelines until the end of earning period or quite possibly till elections to see how the market reacts. Another crash or a massive correction is inevitable.