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why is ANYONE buying stocks in the stock market now? (example today on 3/1/21)?
the stock market rallied 3 percent , but WHY? do these idiots really think that the share prices are going to keep going up for them to make a decent profit? why they dont wait for things to at least correct themselves to a proper pe ratio?
i mean who are these idiots? why they are so stupid? or is this just rigging by big investment banks ? why they do this? what they hope to do after? how?
- Anonymous2 months agoFavorite Answer
There's no question the market is overvalued but that doesn't mean you can't make money. As long as other people are willing to pay more for something you can make money by selling to them.
Besides, where else are you going to put your money? Interest rates have been at or near zero for over a decade.
@art-completely wrong. By any metric, stocks are the most overvalued they've ever been in history (aside from the tech bubble). I get that you're saying that they'll grow after the pandemic ends but that's already priced in. Most of the stocks that got hammered a year ago have recovered and are hitting new highs. If you want examples look at companies like PENN, RICK and RCL. These are companies that aren't making much money right now but have seen their prices skyrocket because people think they will soon.
- JeffreyLv 72 months ago
It rallied because there were indications that the Fed would not raise interest rates.
- Anonymous2 months ago
Obviously you don't know anything about money or finance.