Tech bust redux.
Times when Nasdaq dropped as much as today with dismal breadth?
– April of 2000.
– March selloff of this year.
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
— John Authers (@johnauthers) June 11, 2020
One of the stupidest decisions made by central bankers in history has been to "ignore the bubbles".
— Tuomas Malinen (@mtmalinen) June 11, 2020
Hey Jerome: You thinking about thinking yet? t.co/NAsllzyW5A
— Atomic Economics (@AtomicEconomics) June 11, 2020