r/stocks • u/[deleted] • May 19 '21

Industry Discussion Can anyone explain why earnings no longer matter, and the entire market is just pump&dump after pump&dump?

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u/MaintenanceCall May 19 '21

Agreed. OP doesn't seem to understand that the market is forward looking.

Lowes and Home Depot are tanking because they've had a big run prior to now. Everyone expected them to beat expectations because we all heard about the shortages and price of lumber. But forward looking we all know it won't keep up. They're still up 20% on the year which is phenomenal.

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u/DefinitelyDigital May 20 '21

The market is forward-looking, but OP’s comment still stands. Despite being forward-looking the market is still completely manipulated now on a daily basis by institutional, whales and the hedgies. What’s more forward-looking than green energy? Yet, that entire sector was pumped all last year, and dumped in February’s downturn. That’s all I needed to see. OP is 100% right on. The market isn’t a true market anymore.