Re:Ask HN: Why is the stock market still going up?
by Tomte on Tuesday June 02, 2020 @07:44AM
(#23389977)
Two reasons:
(a) all the bad things happening right now have already been priced in
(b) stock values are in theory discounted present-value earnings in the future. The future is not "next month", but "the next fifty years" or so. And considering that timeframe Covid-19 is irrelevant.
(a) all the bad things happening right now have already been priced in
(b) stock values are in theory discounted present-value earnings in the future. The future is not "next month", but "the next fifty years" or so. And considering that timeframe Covid-19 is irrelevant.