Greenlight's Einhorn says tech stocks in bubble, hit top in September

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Technology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he's prepared for a drop by betting against more names, including second-tier companies and ones that just...

FILE PHOTO: David Einhorn, President, Greenlight Capital, Inc. speaks during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid

Einhorn, who runs Greenlight Capital, wrote in a letter “we are in the midst of an enormous tech bubble,” but noted “September 2, 2020 was the top and the bubble has already popped.” Reuters saw a copy of the letter. Einhorn, who made a timely call against Lehman Brothers just months before the bank collapsed, said he prematurely identified what he thought was a bubble in 2016. He announced his first bubble basket -- including bets against high flyers like Tesla and Amazon -- years ago. Now, he says, “there is a consensus that there is a bubble.”

 

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Einhorn is Finkle.

here comes another hedge fund guy, talking his book to spook the markets cnbc will run this all day every day

Then proceeds to buy the dip

I disagree and the current market data doesn't bare this opinion out very well!

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