The market has been a big giant scam during the past decade, especially to value investors primarily focused on the Singapore or Hong Kong/China markets.
I mean, how can the overvalued S&P 500 be up 80% while the Hang Seng with an already low P/E continues to tank by another 40% during the past 5 years?!
The market is wrong and it is only a matter of time before the market reverses, proving that US index investors have no idea what they are doing.
The next chart would probably make people even angrier. Afterall, 1.5 years ago in Nov 2023, wasn’t the consensus that Facebook was “dying”?
Apple dealt them a hammer blow and Facebook was also losing ground to TikTok. Facebook and Meta was so over and if you were a shareholder, you were supposed to be running for the exit. And then…… this happened.
How can a company that held a massive retrenchment exercise be up 5x in such a short space of time?! This is simply not right and setting a very bad precedent for society. Tsk tsk……
What a scam!
In case you are wondering, I have saved the best for the last, the biggest scam of all, Bitcoin and cryptocurrencies. This should set many people’s blood boiling.
Crypto is supposed to be “dead” after the collapse of Luna and FTX. How can $BTC, this rat poison be near its all-time high again within such a short space of time?
Perhaps we should not let our anger get the better of us. The next crypto crash is just around the corner and we shall see the tears of these crypto bros once again. Gold is already bad enough as an unproductive asset, what more “digital gold”.
The only use cases I can think
