Carvana stock is up 65% MoM. Stock market is bonkers. They reported a gross profit of 5500$ per vehicle sold, which is 2.5x the figures reported by Autonation and Carmax. The figures reported don’t make sense and are over represented financials. Let’s see how long NVDA stock rally lasts. Stock market has become a meme at this point.
"The market can remain irrational longer than you can stay solvent"
This doesnt apply unless you are shorting.
Of course it’s a meme. The rally from Halloween is the strongest since 1970. 14 out of 15 weeks were green in a row. It was triggered by massive buying off of the $420 price level. How can people not see that?
I probably should go check on wallstreetbets
Someone should be doing wellness checks on those folks regularly