Tech bust redux.
Times when Nasdaq dropped as much as today with dismal breadth?
– April of 2000.
– March selloff of this year.Reminder:
Stocks are falling from record leverage and valuations today. pic.twitter.com/VczwhwP8mp
— Otavio (Tavi) Costa (@TaviCosta) June 11, 2020
Markets driven by euphoria never end well.
Warren Buffett is not an idiot.
Fundamentals matter. pic.twitter.com/30RXsnjuDl
— Otavio (Tavi) Costa (@TaviCosta) June 9, 2020
The stock market is at unsustainable technical extremes.
Never mind the abysmal fundamentals. pic.twitter.com/a4OyuoXNmr
— Kevin C. Smith, CFA (@crescatkevin) June 8, 2020
The Fed chairman has decided to take the risk of going down in history as another great bubble-blower: do we get to party like it's 1999? t.co/KgGRlT16Ad via @bopinion pic.twitter.com/ADIRRWY48Y
— John Authers (@johnauthers) June 11, 2020
One of the stupidest decisions made by central bankers in history has been to "ignore the bubbles".
Now we just have to wait and see, when J. Powell will learn this lesson.#Fed t.co/WFsZT1sU0v
— Tuomas Malinen (@mtmalinen) June 11, 2020
Hey Jerome: You thinking about thinking yet? t.co/NAsllzyW5A
— Atomic Economics (@AtomicEconomics) June 11, 2020