Can someone please point me to the law that states markets have to be rational, or make sense...? Why do people buy bitcoin..? It has no intrinsic value, it doesn't pay a dividend, the cost of mining a bitcoin is greater than its current trading value, and its P/E ratio is infinite. Markets are imperfect, and a bit like Quantum mechanics. Everyone can describe subatomic particle behaviour, but no one can make sense of it. Your posts have proven it. I expect there will be a correction, but in the meantime, enjoy the ride (and that includes the rises and the falls).
CBA Price at posting:
$139.95 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)