Selling shares without having access to the shares to cover it should be illegal, but so should buying shares in a company that has no prospect of making money. Uber is selling at about $51 a share. Its latest EPS are -3.96, thus a P/E of 0. They have cornered the market in how to lose money while killing an industry. TSLA, which I own some in my private account, has a EPS of .$63 is selling at $831. That gives it a P/E of 1,329.75. The usual P/E for a solid stock is 15 to 20.

I guess everyone has forgotten the dot-com boom. Remember Qualcomm. That was on CNBC every morning. That was when Maria Bartiromo was very attractive and seemed sane. How was that a different form of “investing.”

This is what they mean when they say America is a “Capitalist “ country. Capital rules. Those who have the capital make the rules. Learn the rules. They are not what you learned in economics 101.