Bankrupt? Okay, I agree, this is a very, very high valuation, and it should turn prices downwards at any time, causing lots of speculators that think they're investors to lose lots of money. Nevertheless, bankrupt?
Yeah, and a dozen of other enterprises know the same. Netflix has a bunch of competition, and increasing earnings doesn't always mean you have to buy at PE 112.
And market says that Netflix is worth 128 times earnings... nah, I don't think so.You also have to be fearful when others are greedy, and greed is the only explanation to this prices.
Many will buy before it, and sell thereafter. If you buy before, you can sell high. If you buy after, you can buy low.In both cases, there is no guarantee for the bitcoin to go up, specially in the second one.Nevertheless, it's too late for the first scenario, so the best thing for you, if you want to buy, is do it later.
Chinese electrical, intelligent cars are cheaper and even better. On the other hand, we've got this overvalued enterprise who hasn't earned any money in years.It has to go down, and I'll be there to enjoy it when it does.
People doesn't have infinite money. If everyone stays at home, no one is working, and I'm pretty sure they will prefer have food than Netflix. Besides, PE of 91? That's crazy. Even if people could still paying Netflix all this time, things will get back to normal and revenues will fall. At the same time, Netflix has lots of competition.
There is no way to put money into this market from the investing point of view. With this rally that has no reason to be given the amount of unemployed people, lack of sales, small business going to bankruptcy, closed foundries, etc., buying an ETF that follows this index is gambling, not even trading or speculating. This is like flipping a coin, you should stay away.