Hacker News new | past | comments | ask | show | jobs | submit login

Maybe this is just what the top of bubbles feels like. I can’t explain the stock price either, other than human irrational exuberance.



There's also TA bots. Both algorithmic and human traders who will eschew a stock at $280 but consider it a buy at $430 because it crossed some magical technical level, without anything fundamental having changed about the underlying company.

These traders tend to conduct the opposite of the value strategy, often buying all-time highs for no other reason than it hit an all time high.


Is your taxi driver or your hairdresser talking about buying TSLA themselves? That’s how you know.


What should I do if my taxi driver is talking about buying shares in a low cost total market index fund?


Commend them for their wisdom.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: