You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

27 Apr 2017 (AFR) – David Einhorn on Tesla, Amazon: ‘We expect this bubble to pop’

(27 April 2017, AFR, p28, by Karen Maley)

‘Billionaire US hedge fund manager David Einhorn has warned that “we have seen this before”, as the tech-heavy Nasdaq Composite breached 6000 for the first time overnight, 17 years after it first hit 5000 at the height of the dotcom era. The Nasdaq has surged around 12 per cent so far this year, well ahead of the 6.5 per cent rise in the S&P 500, as investors have increasingly piled into tech mega-caps as uncertainty over the US President’s promised tax cuts, deregulation and higher infrastructure spending has curbed their appetite for bank and industrial stocks.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: