$TLRY is the perfect example of why there is no sustainable growth in America — money is used to speculate on non-sense and not used for productive means.
— Alastair (@StockBoardAsset) September 19, 2018
When people get lucky and think it’s skill. That’s when you know prices are too high.
I just saw this come up on Facebook. It’s awesome that their portfolio is killing it, but I just can’t help but feel that they are being fooled by randomness. A rising tide lifts all boats. If their 58% returns were sustainable (or 100%+ annualized) they’d be competing to be on the cover of Forbes.
Giving other people who don’t invest the sense that it’s super easy to beat the market is just foolish and reckless. That’s how bubbles form and those with the least end up suffering the most.
This is how I know prices are getting out of hand.
https://twitter.com/OccupyWisdom/status/1042594061385916417
Lost amongst today's TLRY hysteria, the DJIA closed the January gap. pic.twitter.com/AspGBNTIwp
— Dune AnaIytics (@DuneAnaIytics) September 19, 2018
US mkt cap as % GDP #notcheap pic.twitter.com/3a2QHIszle
— Chris Watling (@LongviewEcon) September 20, 2018
'Comfortably Numb' – consumers didn't have the financial capacity to spend? Gov't runs up the deficits to provide artificial + inefficient demand. Stock prices won't go up? C/B's created a $15T QE permabid. But all this bought was complacency (VIX) + debt ($21T) + artificiality. pic.twitter.com/J2QyzukRgF
— M/1_LP (@MI_Investments) September 20, 2018
h/t watchcargo