History’s largest Circle Jerk

History’s largest Circle Jerk

Since 2008, the ultra-wealthy have been bidding up their own assets, deluding themselves that the fabricated valuations they place on them are real.

Momentum bubble visualized:

Sales / Price: The amount of revenue for each dollar invested in stocks:

http://www.multpl.com/s-p-500-price-to-salesData from WSJ:

One year ago, 41 private venture start-ups were valued at $1 billion or more. Now, 75 companies are valued above $1 billion. The combined valuations of these > $1 billion companies tripled in the past year:

Biotech: The leading sector since 2009 AND 2000:

Growth at all costs visualized

Growth : Value Ratio

In a self-fuelled momentum bubble it’s easy to get in.

Impossible to get out.

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History’s largest Circle Jerk

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