For those that can’t detect sarcasm, I am not actually sharing “investment advice” in this article. Rather, I am pointing out how absurd our financial markets have become at this point. While the real economy is mired in the worst economic downturn since the Great Depression of the 1930s, the stock market just keeps soaring to record high after record high. If the underlying profits that these corporations were generating actually justified the extremely high stock prices that we have been witnessing, then I wouldn’t have anything to complain about. Sadly, the truth is that many of the companies that are seeing their stocks soar into the stratosphere are not making any money at all.
I know that this may sound bizarre to many of you that do not follow the markets on a regular basis, but this is what is actually happening.
In fact, Goldman Sachs actually has something called a “Non-Profitable Technology Index”, and it has been rising at an exponential rate during this pandemic…
Jim Bianco
@biancoresearch
A chart that says a lot about today's market
Of course in order to be a part of the “non-profitable technology index” you have got to be losing money.
So as you can see, if you want to make big money in the stock market just buy tech companies that are losing boatloads of money and wait for the profits to rain from the sky.
At this point, the stock market has become such a rigged game that literally anyone can succeed. Just ask this guy…
video,,,,,,,,,,,,
http://www.investmentwatchblog.com/the-secret-to-the-stock-market-just-buy-tech-companies-that-are-losing-money-and-watch-profits-rain-from-the-sky/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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