by Chris Black
Apple will be a $10 trillion company, Nvidia will easily hit $4 trillion, Amazon at $5 trillion.
Valuations and the underlying business conditions do not matter.
All that matters is the return.
Algos don’t understand that stock A=X is insane.
They are programmed to generate returns.
As long as cash exists, printed into existence, buybacks will continue and these insane jumps in marketcap will happen.
The boards all know this, so they keep authorizing buybacks in combination with new shares in repeating patterns.
The stock market is a game.
It isn’t real and no longer follows any economic rules.
Government Bonds Or Stocks – Which Is A Better Choice Now? t.co/x8kDavA7OZ
— zerohedge (@zerohedge) August 15, 2023
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