The stock market has put in a top and an ‘enormous’ bubble has already burst, says David Einhorn

“ ‘Our working hypothesis, which might be disproven, is that September 2, 2020 was the top and the bubble has already popped.’ ”

The S&P 500 index SPX, -2.23% closed at a record 3,580.84 on Sept. 2, while the tech-heavy Nasdaq Composite COMP, -2.56% posted an all-time closing high of 12,056.44. Stocks subsequently pulled back in September and a new round of COVID-19-related jitters were blamed for another downdraft that saw the S&P 500 erase its October gains early Wednesday, while the Dow Jones Industrial Average DJIA, -2.21% dropped more than 500 points.

We were happy for a bit you know...🤔🙄😁🇺🇸

What's a BUBBLE? How does it BURST? Where do bubbles come from? Examples from stock market (Tesla, Nikola, Uber), gold & housing! 👇 bubble stockmarket Tesla $TSLA Uber $UBER Nikola $NKLA gold housingmarket

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Greenlight Capital's David Einhorn just called the top in stocks, and gave 10 reasons why tech is in a bubble | Markets InsiderThat’s a great article making me think that at least I am not alone. Although it seems I agree with one of the recently most unsuccessful investors which I am not sure is a good thing
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »