Sanrith Descartes
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Investing General Discussion
- Thread starter Furious
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Guest, did you like the last podcast notification?? Well here's the second one, and for the third podcast! Yep. This Thursday 8-8-24 at 7pm Central
Go here to check out his podcast thread for info on topics and links!Go into the FoH discord and find the Happy Time Fun Hour channel and give it a listen!
Mist
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ATH as priced in Euros?
Stocks can be at ATH even if fundamentals are bad if the currency is fundamentally debased. It takes more money to buy the same stuck because the money is worthless.
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Sanrith Descartes
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I always pay ATH prices for stocks that are at 2-year low future earnings estimates.
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Mist
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Well you should invest anyway if you expect the currency to get further debased faster than the value of the stock declines.
That's what the bears I know keep missing. They keep thinking the S&P is going back to 3000 when 4500 is the new 3000 and it doesn't look like we're going back to 4500 ever either.
The_Black_Log Foler
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Blazin
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wouldn't the earnings be in the same debased currency? Does not compute, I expect more of 140 IQ
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Sanrith Descartes
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Mist
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The_Black_Log Foler
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Sanrith Descartes
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Mist
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Mist
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Well yeah if you're banking on building giant prisons, likely for-profit prisons, that makes sense.
ToeMissile
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Sanrith Descartes
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