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Economy

Warpy

(114,696 posts)

1. I've been watching the tech runup with a great deal of alarm

Reply to Tansy_Gold (Original post)

Thu Aug 27, 2020, 01:47 AM

Aug 2020

It looks like that's where all the fast buck money is going and it doesn't matter if any of those companies is turning a profit or not, or if their business plan says they'll ever turn a profit. It looks very uncomfortably like the run up to 2000, crazed people looking to make a killing on the dodgiest of IPOs.

The whole market is hyperinflated, but the worst of it seems to be in the tech sector. Had the market been allowed to correct in March, with the high risk, zero profit stuff shaken out, it might not be quite as scary now.

I just hope it doesn't start a cascade.

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STOCK MARKET WATCH - Thursday, 27 August 2020 [View all] Tansy_Gold Aug 2020 OP

I've been watching the tech runup with a great deal of alarm Warpy Aug 2020 #1

I know next to nothing about the stock market Tansy_Gold Aug 2020 #3

Wolf Richter, the contrarian, pointed out how many Warpy Aug 2020 #4

S&P 500 closed up 1.02% today (8/26). But equal-weight S&P 500 down 0.17% progree Aug 2020 #2