The greatest truth about markets is it's not what you think you know that matters. It's what other people collectively think they know that counts.
You may be a bone fide financial genius knowing the exact value of everything – but the market is just an enormous calculating machine.
It may completely ignore your value and set a very, very different price.
All of which means I can't really explain why Tech stocks were off on a tear yesterday. Maybe it's the cheques American's are about to get through the post as a result of Stimulus Package 1.9? A relief rally? Or short-covering? Time to load up more on my Tesla leveraged short ETF I think.