The Sheer Idiocy Of The Markets In One Chart - Oculus Edition
While we have no idea if Facebook is right in paying $2 billion (mostly in overvalued stock, thank you momo dot com 2.0 bubble-chasing "investors"), and frankly we don't care what bears noting is that while the idiocy of Facebook's CEO is still up for debate, the idiocy of the markets is once again beyond a reasonable doubt. Presenting Oculus... Innovative Sciences - a company which has absolutely nothing in common with Oculus VR, and which is up over 4% this morning because... it shares the same name as the Facebook acquisition - the same deep fundamental analysis that lead "investors" to decide that both Tweeter (TWTRQ) and Nestor (NEST) are undervalued.
But that's not all - the Canadian company Oculus Viciontech is up over 200% in the last 2 days...
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