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Northern Light said:
The P/E ratios are off-the-charts nuts on the whole........

I'm still in the market but I'm heading more to cash.

There's a point of absurdity here.
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the top is not in yet

you have to factor in low interest rates , when comparing PE ratio averages of the S&P 500
back in the day when interest rates were 5-10% the S&P 500 could only handle lower PE ratios before selling off
think of it this way , why risk your money in the stock market , when you can get 5% on bonds , but now bonds 0 % are so low , people have a higher risk appetite
 
afransen said:
Anyone else watching the madhouse and thinking we must be approaching a top?
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no top yet , still more room left in this bull market , the last stages of the bull market include a rally in $CAD & $AUD and commodities , plus higher interest rates with higher inflation
 
Below is my portfolio, since I banged on about it but didn't post an example:

VUN 30%
XEF 30%
VCN 30%
VAB 5%
XRE 5%

The end.


And if anyone's interested in serious returns, there's always the illicit drugs market. Up to 2000% ROIs :p
 
Brokerages and trading platforms like Robinhood now stepping in to try stifling the meme bubble. Also read the same thing with TD Ameritrade and Charles Schwab.

ca.finance.yahoo.com

Robinhood and others halt buying of GameStop and other hot stocks, infuriating users

After GameStop stock became red hot and a mainstream news story, thanks to a Reddit investing community, brokerage Robinhood pulled the plug on buying, infuriating users.
ca.finance.yahoo.com ca.finance.yahoo.com
 
AlbertC said:
Brokerages and trading platforms like Robinhood now stepping in to try stifling the meme bubble. Also read the same thing with TD Ameritrade and Charles Schwab.

ca.finance.yahoo.com

Robinhood and others halt buying of GameStop and other hot stocks, infuriating users

After GameStop stock became red hot and a mainstream news story, thanks to a Reddit investing community, brokerage Robinhood pulled the plug on buying, infuriating users.
ca.finance.yahoo.com ca.finance.yahoo.com
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I have suspected they are worried about being in the line of fire after the inevitable heavy losses that will come to the too-late -to-the-game followers who can sue and say they had a fiduciary duty to conduct KYC on them before they could trade carte blanche like this, especially those who have been extended margin accounts, or options trading accounts which are supposed to have an even higher due diligence standard because of the ability to have huge losses beyond your own capital to invest. Go back to 1999 and the same thing happened. The brokerages were soaked with fines for letting everyone simply say they were "sophisticated investors" and doing nearly zero investigation beyond accepting those statements on some website form.
 
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As anticipated, the GameStop shares are currently taking hard and halted down 50% for the day.
 
My dad bought into Blackberry at $8 and got out last week at 25. He missed the peak yesterday which landed at 35. But after today's fall, the price is hovering around 20-ish right now.

While my friend who seems pretty invested in this meme stock surge has chosen to stay in the game. Wonder how long the ride will last.
 
The real story here is more the hyper-active media coverage on what amounts to little more than some unusual activity on a handful of stocks of generally little importance. What is interesting is seeing which outlets cover it from which angle and political or socio-economic spin; both fact-based and wish-based.
 
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AlbertC said:
Brokerages and trading platforms like Robinhood now stepping in to try stifling the meme bubble. Also read the same thing with TD Ameritrade and Charles Schwab.

ca.finance.yahoo.com

Robinhood and others halt buying of GameStop and other hot stocks, infuriating users

After GameStop stock became red hot and a mainstream news story, thanks to a Reddit investing community, brokerage Robinhood pulled the plug on buying, infuriating users.
ca.finance.yahoo.com ca.finance.yahoo.com
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Yup, the whole ponzi scheme that is money and the games we play with it was called out and got played and now the only way they know how to regain control of the ponzi scheme is through shutting it down.
 
AlbertC said:
Blackberry also down over 40% today so far.
Click to expand...

As with everything I buy in this particular casino, I'm holding it long-term.

Want to give yourself heart problems and immune deficiency issues? Live with heightened cortisol levels through eyeing the stock market daily. ;)
 
SunriseChampion said:
And if anyone's interested in serious returns, there's always the illicit drugs market. Up to 2000% ROIs :p
Click to expand...

Just wait until those start being traded too. Already weed stocks, now the shroom stocks (with said companies also testing mdma, lsd, dmt). IMO it'll be a few years until publicly-traded companies will be testing heavy duty drugs for clinical trials.

AlbertC said:
My dad bought into Blackberry at $8 and got out last week at 25. He missed the peak yesterday which landed at 35. But after today's fall, the price is hovering around 20-ish right now.

While my friend who seems pretty invested in this meme stock surge has chosen to stay in the game. Wonder how long the ride will last.
Click to expand...

Blackberry actually seems like the only supposed 'meme' stock with a good future. Even if stuff didn't explode the last few days I wouldn't be surprised if it was trading fairly high in a year or two. Enormous drop today but some minor regains after hours. Doubt there'd be a big sell off because people believe there's a future there.
 
44 North said:
Just wait until those start being traded too. Already weed stocks, now the shroom stocks (with said companies also testing mdma, lsd, dmt). IMO it'll be a few years until publicly-traded companies will be testing heavy duty drugs for clinical trials.
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Yeah, unfortunately legalisation/regulation will take the ridiculous ROIs out of it.

There's a very constrained and finite market for psychedelics, by their very nature. They're not like weed, alcohol, nicotine, caffeine, and opioids. That is to say, habit-forming.

Cocaine might be interesting though. Cocaine would be traded as an agricultural commodity I would think.

Be very careful with any rising valuations of companies that deal with psychedelic/MDMA/K therapeutics.

Just look at what happend with weed stocks. They don't have much room for growth until the rest of the world grows up and starts acting logically and reasonabley and stops trying to ban plants.

44 North said:
Blackberry actually seems like the only supposed 'meme' stock with a good future. Even if stuff didn't explode the last few days I wouldn't be surprised if it was trading fairly high in a year or two. Enormous drop today but some minor regains after hours. Doubt there'd be a big sell off because people believe there's a future there.
Click to expand...

Yeah, this is true, and why I put a wager on them. I didn't do it because of the memes. I think their fundamental IP treasure trove is golden.
 
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