Quote (Skinned @ Jul 30 2020 01:18pm)
How is the rich person feelings index doing after today's GDP report?
Market Summary > VANGUARD US TOTAL MARKET IDX UNT ETF
TSE: VUN
60.11 CAD +0.24 (0.40%)
Good. - Stocks go up.
But really, I am everyday waiting for this bubble to burst. Why are so many companies all of a sudden worth more now than pre-covid? It doesn't make sense. There was already a massive shift to online shopping regardless of COVID.
With no sports betting you have a significant influx of day traders as shown by indicators like Robinhood users & transactions. Before I invest I look at the balance sheet of any company. I don't even look at the income statement if it has a bad balance sheet. These tech companies balance sheets are horrible. Massive debt, many with accumulated deficits indicating they have never made money or lost more money than they have made, big debts coming due in a few years, weak to non-existent free cash flow. The bubble has to burst.
This post was edited by SBD on Jul 30 2020 01:41pm