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I have no doubts there are many investors who are unimpressed with Elon's and Mark's excursions into their fantastical worlds. There is no lack of hubris on th
by GianFabien 4y ago
I have no doubts there are many investors who are unimpressed with Elon's and Mark's excursions into their fantastical worlds. There is no lack of hubris on their part.
As interest rates rise, it becomes appealing to cash out of speculative investments and re-invest where returns are reliable and predictable.
- spiffistan 4y agoThis is the reason. Institutional investors (which hold the lions share) are more wary of stocks with astronomical P/E ratios when the macroeconomical forecasts are what they are today. Expect the bloodbath to continue until there is a semblance of calm waters on the horizon. I'm thinking around March.
- sshine 4y agoSurely this accounts for some of the crypto winter, too. Not as many big institutional investors in crypto, but big investors have the same incentives, no?