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Monthly Archives: March 2022
Now playing: the give-back phase
A new generation of would-be investors is learning the hard way that even world-changing companies and technologies tend to be horrible investments when bought at too high a price multiple. Today, another tech-bubble 2.0-darling Netflix is fathoming a 52 week … Continue reading
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Bear markets have the biggest bounce back days
The tech-heavy NASDAQ index closed Friday -22% from its November high. As usual, a world of talking heads who never see downturns coming are urging listeners to buy at every price. We should keep in mind that when true cycle … Continue reading
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As asset bubbles mean revert, wake up calls abound
When asset prices halve, financial management starts coming to the fore once more. As shown below, Meta (Facebook) shares are, so far, back to where they were in 2018. Further downside is likely while a global liquidation cycle runs its … Continue reading
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