Wall Stret Loves Ex Ante BubblesForecasts are fun and malleable . No reconciliation required to reality for that window of time when forecasts are the driver , not reality
QQQ one giant Ex Ante bubble - biggest in history
ex Ante bubbles always crash when reality comes into focus . Cannabis ex ante bubble levels has never been surpassed even as revenues have grown hundreds of percent . Yet stocks are down 90% after the street moved away from fantasy land and on to actual cash flow generation