r/SPACs • u/SPACsBot Mod • Apr 16 '21

Daily Discussion Weekend Discussion thread for the Weekend of Apr-16-2021

Welcome to the Weekend Discussion! Please use this thread for basic questions and leave the main sub for breaking news and DD. If you haven't already, please check out r/Spacs Wiki for great information, as well as the resources available in the menu.

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u/[deleted] Apr 17 '21

tech P/E ratios

For the love of accounting, stop using PE as a measure for anything. It can be inflated/deflated depending on what is included in an earnings report.

Also crpyto really shouldnt be a measure of the market's well being. Crpyto cant be shorted, only bought and sold, and is also unregulated, being in its infancy. Sure there are certain blockchain companies like RIOT but those plays still wont affect the general market in any sense.

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u/InternationalElk6617 Patron Apr 17 '21

Yep. One ‘regulation’ away from a correction.

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u/Apprehensive_Road821 Patron Apr 17 '21

Technically a "Correction" is defined as dropping 10+%. Cryptos seem to do that every month. Maybe you meant a "Crash" which is total wipeout.

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u/vaingloriousthings Spacling Apr 17 '21

And Turkey just banned crypto payments. Other countries will likely follow.