It depends how you look at it. As someone very wise once said - “In the short run, the market is a voting machine but in the long run, it is a weighing machine.”
Short term movements are mostly bullshit and the press tend to amplify it, obviously. Like this morning - "carnage" etc. What ? NVidia is trading at 96 as of now. Market cap of 2.5 TRILLION $, for a company that made a profit of 29 Billion $ in some exceptional circumstances. Previous best year was ~10 Billion $.
After this morning 'collapse' Nasdaq is still ~10% up YTD. UP, not down !
In the long term the markets mostly make sense actually. But somehow, we are more interested by the short term drama.
Short term movements are mostly bullshit and the press tend to amplify it, obviously. Like this morning - "carnage" etc. What ? NVidia is trading at 96 as of now. Market cap of 2.5 TRILLION $, for a company that made a profit of 29 Billion $ in some exceptional circumstances. Previous best year was ~10 Billion $.
After this morning 'collapse' Nasdaq is still ~10% up YTD. UP, not down !
In the long term the markets mostly make sense actually. But somehow, we are more interested by the short term drama.