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Economy

Warpy

(114,695 posts)

4. Wolf Richter, the contrarian, pointed out how many

Reply to Tansy_Gold (Reply #3)

Thu Aug 27, 2020, 09:21 PM

Aug 2020

companies are "unicorn companies," posting bigger losses every single quarter and watching their stock get bid up higher and higher. He mentioned Uber and Wayfair as two of them, mentioned others in his podcast.

Something very weird is going on there. It really is starting to reek.

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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