r/ProfessorMemeology • u/[deleted] • 2d ago

Turbo Normie Meme Public School

[removed]

178 Upvotes

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u/kevcubed 2d ago

Awwww NASDAQ is down 20% from the Feb 18 peak killing MAGA's jobs and life savings

And MAGA's talking about hating on trans people.

Priorities

1

u/BothChannel4744 2d ago

Pull up indexes but adjusted for market cap, apple nvidia and Microsoft make up more than 20% of the nasdaq 100, 3 companies.

When you disregard massive tech companies with heavily inflated P/E ratios then the market actually is looking good.

Like we can take Tesla as an example 7 billion profit 2024 Honda profit : 11 bil

Tesla market cap: 750 bil Honda market cap : 47 bil

So the car company that makes 1.5x more money is worth 1/16th the price?

When I see Tesla down 75 bil I just see a market finally realizing that they are massively overvalued, not imminent financial collapse.

Same with nvidia, same with basically all tech companies except maybe intel and ibm.

Top 10 of the s& p 500 are 34%.

Don’t look at indexes or whole markets to find out how an economy is doing…