XJO - Bear Posts only (Factors which might cause the markets to fall), page-15808

Just a gentle reminder of how silly the markets have become , yet again. ITs been the silly season now for four years running.

Promedicus has a PE of 176 and Mcap of 12 B,
XRO has Mcap of 18 B and a PE of zero because last two FYs it made loses of 8 M and 108M

And Chanticleer has a word about  Meme Stock Stupidity for you. Ermagawd.
Meme stock stupidity is back at the dumbest possible time
May 14, 2024 – 11.24am


The timing could not be more delicious. As the global financial market eagerly awaits a make-or-break US inflation print, Wall Street has been treated to the dumbest possible example of speculative excess.
Shares in GameStop, the exceptionally crappy US video game retailer, surged a stunning 74.4 per cent on Monday night after a social media account called Roaring Kitty posted a drawing of a bloke playing a video game.

That’s it. There was nothing else. No announcement from the company, no sudden change in regulatory settings for the industry, no analyst report declaring GameStop to be a screaming buy.
And yet, GameStop’s market capitalisation surged $US4 billion to $US9.3 billion ($14 billion) in a single session.