Sunday, January 20, 2019
Odd non-correlation
Elon laid off a significant part of his employees in both SpaceX and Tesla last week, and his stock WENT DOWN.
This is highly unusual and abnormal in the modern world of Share Value. Normally the Dow HATES employees and products. Normally a stock SOARS when the company exterminates its Negative Externalities. Zero employees = infinite Dow.
What's different here? Is the stock racket trying to return to real economics? Unlikely. Must be something else. Maybe the Dow perceives that Elon has lost his will to kill?
A bit later: Yes. This article in Bloomberg verifies that the racket is disappointed in Elon's failure to offer more stock and incur more debt to continue infinite exponential growth. The job cuts are not the main issue.
Labels: Asked and badly answered
¶ 12:48 AM
