Comment on How is the Stock Market keeping it's value after *points to everything*?
LordGimp@lemm.ee 1 day ago
The stock market holds value because people believe it holds value. There is nothing actually backing any of that up. We dumb monkies just like watching number go up and will ensure number goes up at all costs. It’s how capitalism works.
shalafi@lemmy.world 1 day ago
Meh, party true. Say Coca Cola’s stock goes down, they still own the infrastructure, the products and the brand. In other words, they have real value that didn’t go poof just because their stocks went down.
Much of what we see is bullshit, because bullshit makes headlines. Tesla is a perfect example. This crowd hardly needs a review, but suffice to say that while Tesla has value, it’s tanking fast and the stock price will eventually pop and drop to that far, far lower value.