• Ulrich@feddit.org
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    3 days ago

    Those 10 years were legit growth.

    Every rational investor will tell you the financial growth of the company does not come anywhere close to justifying the astronomical growth of the stock price.

    • WhatsTheHoldup@lemmy.ml
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      2 days ago

      AKA a bubble.

      The bubble grows while there is actual growth underneath to push it. When the actual growth stagnates, any growth in the bubble is putting more and more pressure on the stock until minor fluctuations can domino into mass panic.

      Look at Enron for an example of this in action. It happens quick.

            • WhatsTheHoldup@lemmy.ml
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              2 days ago

              the financial growth of the company does not come anywhere close to justifying the astronomical growth of the stock price.

              it’s not a bubble

              It’s either a bubble or not. You can’t have it both ways.

              I think I’m done with this.

              • Ulrich@feddit.org
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                2 days ago

                It’s either a bubble or not.

                What did I say in the comment you just replied to?

                • WhatsTheHoldup@lemmy.ml
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                  2 days ago

                  I get it. We’ve done this circle before.

                  You’re going to say “it’s not a bubble”.

                  I’m going to ask “so is the stock price accurate”?

                  You’re going to say it’s a bubble without using the word bubble “any investor can tell the price is skyrocketed above what it should be worth”.

                  And then like the Patrick/Man Ray meme I’m going to say “so it’s a bubble” which you will then respond “no” to and we will repeat the circle.

                  I said I’m done.

                  • Ulrich@feddit.org
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                    2 days ago

                    I’ve explained several times now exactly how and why it’s not a bubble. If you have problems understanding basic English, that’s not something I can help you with.