Have the record number of investors in the stock market lost their minds?

Re:Have the record number of investors in the stock market l... by matthewdgreen on Saturday May 16, 2020 @12:05PM (#23204582)

I would personally compare the current price to past prices. If the S&P500 price has been the same this past couple of weeks as it was in, say, October 2019: then I might interpret this as the markets predicting that future earnings today are similar to future earnings as one would predict in October 2019. The markets may turn out to be right about this, but it's a very surprising prediction given the current economic carnage.

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Re:Have the record number of investors in the stock market l... by freyr on Saturday May 16, 2020 @02:11PM (#23205774)

It’s surprising to see just how much higher many tech stocks are valued right now than they were six months ago:

    MSFT +21%
    AAPL +15%
    AMZN +37%
    FB   +6%
    NFLX +50%
    UBER +21%
    SQ   +22%
    SNAP +16%
    MTCH +10%
    NVDA +60%
    TSLA +128%

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Re:Have the record number of investors in the stock market l... by nugget on Saturday May 16, 2020 @02:45PM (#23206032)

Of that list, I understand why MSFT, AAPL, AMZN, and NVDA would be up. The rest aren’t so clear to me.

NFLX - streaming is up but consumers exhaust the content library faster and competitors (Disney) will now want to gain market share at any cost

FB, SNAP - exposure to ad dollars (brand, travel, hospitality, entertainment) that won’t be coming back for awhile

UBER - unit economics of food delivery aren’t attractive + hyper competitive market, demand for core rideshare business likely depressed for a long time given it’s dependency on events and business travel

SQ, MTCH - no opinion, neutral sentiment

TSLA - with gas so cheap, electric vehicles are less attractive

I buy the tech multiple expansion thesis but that would apply to every company on this list.

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Re:Have the record number of investors in the stock market l... by dredds on Saturday May 16, 2020 @03:28PM (#23206465)

> TSLA - with gas so cheap, electric vehicles are less attractive

One suggestion was that the big players will postpone electric while their ICEs get a temp boost, thus giving TSLA an even more unassailable lead.

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Re:Have the record number of investors in the stock market l... by folmar on Saturday May 16, 2020 @05:36PM (#23207395)

The EV run is on government incentives worldwide, not cost per mile. Outside US the fuel price is marginally related to raw petroleum, i.e. in Europe dropped some 25% when petroleum went down to basically zero.

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