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If one needs a clear example to demonstrate the gap between the financial economy and the real economy, and what drives the stock prices/crypto in our days; all he should do is look at "Signal Advance" stock. ticker SIGL. in the last days the stock soared to ~$20(even got to $70) from about $0.6.
Why is that? because Elon Musk tweeted to use Signal app. But the thing is..."Signal Advance" stock (SIGL) is not related to the referred Signal app. One could think to himself, realizing this "mistake", to short-sell the stock for an easy money. But the fact of the matter is the stock is still above $10- several days after the mistake was well published my the media. What forces now drive the stock price? certainly too many speculative money - and IMO the stock lost any anchor to anything real. till when? One can't tell.
(There is an argument however, that the new price is justified from the fact there is no inside selling so far, and that presumably means that the managers think the price is justified and they believe in the company. At any case, it does not change the fact of the events to demonstrate by what forces the financial market is ruled)
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