Markets are totally irrational. Everything is mispriced. Bonds, meme stocks, crypto currencies, etc. all reflect fantasy, not reality. Prior to the 2008 financial crisis it was mortgages & financials that were mispriced. When so many assets get repriced all hell will break loose.
— Peter Schiff (@PeterSchiff) June 16, 2021
TESLA, Other Bubble Stocks Have Deflated Just Like 2000
Is the dot-com bust happening again right under our noses? It might seem an odd claim, but there is a remarkable resemblance between the speculative boom-to-bust of late 1999 and the first half of 2000 and what’s happened over the past nine months in the fashionable areas of clean energy, electric cars, cannabis stocks and SPACs.
If the parallel continues it bodes ill for investors who joined the excess late. The trendy stocks—led by Tesla—are already down a quarter to a third from this year’s highs. But there are reasons to hope that, unlike at the turn of the century, the malaise won’t spread to the rest of the market.
The similarities are in both performance and investor behavior. The late-1999 fear of missing out on internet stocks inflated the Nasdaq Composite 83% from the end of September to its March 2000 top. From September last year to this year’s highs, Invesco’s solar exchange-traded fund jumped 88%, Blackrock’s global clean energy ETF jumped 81%, and Ark’s innovation ETF 70%.
Imminent SP500 correction as Inflation scare will turn to Growth scare
I’ve found the news now..
*CITIGROUP WARNED TRADING REVENUES WILL COLLAPSE BY 30% FOR THE SECOND QUARTER
— Alessio (@AlessioUrban) June 16, 2021
TOTALLY ABSURD! 5Y Greek bond yields turned negative, even fall below #Italy's 5y yields. pic.twitter.com/HKNgaZDPu1
— Holger Zschaepitz (@Schuldensuehner) June 16, 2021
There’s a reason BlackRock is gobbling up real estate
The dollar is being deliberately driven into the ground
Millennials are being forced into a renter class
And who benefits? 🏦🇨🇳🏦🇨🇳
— AntifaBook.com (@JackPosobiec) June 16, 2021
POWELL SAYS THERE IS A RISK THAT INFLATION WILL BE HIGHER THAN WE THINK
— *Walter Bloomberg (@DeItaone) June 16, 2021
The Fed is setting the tone slowly but surely to become more hawkish.
They know that they’re stuck.
— The Kobeissi Letter (@KobeissiLetter) June 16, 2021
Sheep never learn. pic.twitter.com/ttPHfhftgq
— The Great Martis (@great_martis) June 16, 2021
Citigroup… nope..it's not deutsche bank this time
just a 15min chart pic.twitter.com/MP8rkBiSwg
— Alessio (@AlessioUrban) June 16, 2021
Iron, an under-collateralized-by-design stablecoin, is experiencing a bank run on its algorithmic/Titan portion, similarly to PegsUSD and Dollar Protocol before it. And similar to how Terra had a scare last month. And also a bit similar to Malt just last week pic.twitter.com/XxiwQ7Jd34
— Ariah Klages-Mundt (@aklamun) June 17, 2021