I’m not in the US and I also get most of my retirement in stock market casino chips
Stock valuations are based on Wall Street feefees, not the actual economic performance of a company. Even if said economic performance is shit, it only affects stock prices as much as institutional bankers feel like it should.
It’s basically a casino run by the super rich, and people in the US get their retirements in its chips.
amanda@aggregatet.org 3 months ago
ShittyBeatlesFCPres@lemmy.world 3 months ago
You’re not wrong but Tesla is probably more of a meme stock at this point. We might not be able to blame Wall Street for this one. There’s a lot of retail investors in Tesla stock because they think Elon is a super brain genius despite all evidence to the contrary.