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A comment on Have the record number of investors in the stock market lost their minds?. Parent comment

Re:Have the record number of investors in the stock market l... by dehrmann on Saturday May 16, 2020 @03:49PM (#23206640)
Full disclosure, I hold a short GOOG position right now, but I'm long on a similar company, so it's a hedge. I don't think Google's worth more today than it was on Jan 1. You're right that it's a feeling, but it seems crazy to think that with 15% unemployment, it's still worth that.

I'm also leaning towards a longer recovery in consumer discretionary right now. Someone posted a story here about how people started self locking down before government lockdowns. While I think people are over the strict versions and are ready to get out of the house, I also think they'll be slow to return to malls and movie theaters.

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Re:Have the record number of investors in the stock market l... by MiroF on Saturday May 16, 2020 @06:37PM (#23207769)
> I don't think Google's worth more today than it was on Jan 1. You're right that it's a feeling, but it seems crazy to think that with 15% unemployment, it's still worth that.

Pricing takes into account projected future earnings.

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