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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 Insider

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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

September 2 was the top in the stock market, hedge fund investor David Einhorn argued in Greenlight Capital's third quarter letter.

In Greenlight Capital's third quarter letter, Einhorn offered 10 reasons technology stocks are in a bubble that"has already popped." Einhorn admitted that his 2016 bubble call was wrong, and that this bubble call could be disproven. But he contended that investor sentiment is in the process of moving from greed to complacency, which is what happens just before it moves to worry and then panic.2020 has seen a surge in IPOs despite the COVID-19 pandemic, and"blank check" SPAC companies have been the preferred route for companies to go public. Just this week Jack Ma's Ant Financial Group said it2.

 

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That’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

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