Born yesterday: The mismatch between fundamentals and share price started long before DJT
On the other hand, Donald Trump has certainly been a bad influence on investors', and citizens', perceptions of reality for a very long time..
“I said that the third era started “like three years ago,” because that’s when GameStop Corp.’s stock went to the moon and inaugurated the era of meme stocks, stocks that trade purely on sentiment and attention rather than anyone’s views about fundamental value. But really I think the third era started a bit earlier, with cryptocurrency.”
