Worse https://t.co/kogfzfYy4d
— NuclearTaco (@TacoNuclear) August 26, 2020
#recession … #Tech #Bubble 2.0 edition https://t.co/Wvw4hDUEJT
— Invariant Perspective (@InvariantPersp1) August 26, 2020
It's the epitome of sloppy thinking to imagine that refraining from speculation at hypervalued, Fed-induced, yield-seeking extremes at the worst prospective returns in U.S. history is somehow "betting against America."
It's exactly this sort of behavior that always injures it. pic.twitter.com/jbkYDabhH5
— John P. Hussman (@hussmanjp) August 26, 2020
The #bubble in the #US Treasury #bond market shows power of #Fed with de facto #YCC. 10-year yields should be 2%, not 60bps. US ISM business survey charted alongside pic.twitter.com/FFzTMk7LzK
— CrossBorder Capital (@crossbordercap) August 26, 2020
#Tesla stock up 574% in 2 years with revenue pretty much flat for the past 2 years & now has a P/E of 1,114. Makes sense 👌🏼 pic.twitter.com/VLlR0Dmq79
— Greg Crennan (@GregCrennan) August 26, 2020
Another similarity to the 2000 tech bubble – analysts one-upping each other with ridiculous target price upgrades (so that they can get face time on CNBC/Bubblevision). This analyst raised his target price on Tesla today from $1200 to $2500. https://t.co/PVM0HdEfQ5
— fred hickey (@htsfhickey) August 26, 2020
stocks will correct either way, Nasdaq in blowoff https://t.co/lsFO9i0JRT pic.twitter.com/jKoWdUPxZI
— Alastair Williamson (@StockBoardAsset) August 26, 2020
$SPX advance – decline shows slightly oversold at COB yesterday. The big stocks moving index up but smaller stocks not receiving the money inflow. pic.twitter.com/RPRg9ovQN3
— Market Musings (@AndysCycles) August 26, 2020
Amazing pic.twitter.com/jH4SslWLbj
— Sven Henrich (@NorthmanTrader) August 26, 2020
"At market extremes, price becomes it's own fundamental." -Soros, paraphrased.
NDX100 monthly price series has now surpassed envy levels last visited in 1q2000. pic.twitter.com/JAs6VjRKhB
— DC (@dimit) August 26, 2020