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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 ...

BOSTON: 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 listed their stock.

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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