Well, it’s because there’s too much money looking for SOMETHING to invest in. There are not enough shares available to buy. That’s another inflated bubble I personally had no idea existed.
Watch the first 2 minutes of this video for why that is – also otherwise this guy is great in his plain, sarcastic blatancy.
The video IS mainly about SpaceX IPO, but just this tiny revelation kind of took me off guard. And it explains everything. Why “investing” has nothing to do with buying into companies that make sense.
It’s ALL just a massive scam-game, scraping the bottom of the barrel.
h/t Pure with Jesus Christ