By Katherine Burton, Melissa Karsh and Sophie Alexander The biggest names in finance are coming around to a view that seemed unlikely a few weeks ago: Stocks are vastly overvalued. Legendary investors Stan Druckenmiller and David Tepper were the latest to weigh in after a historic market rebound, saying the risk-reward of holding shares is […] More
One of the most successful formulas in investing in the past three decades has been `buy the dips.’ Investment advisors could identify scores of rags to riches stories of investors who gained from that strategy. Since liberalization began in 1991, Indian equity investors have weathered the Iraq war, the Asian crisis of 1997, the tech […] More
Billionaire hedge fund investor David Tepper told CNBC on Wednesday the stock market is one of the most overpriced he’s ever seen, only behind 1999. His comments sent stocks to a session low. He also said some Big Tech stocks like Amazon, Facebook and Alphabet may be “fully valued.” Before Wednesday’s sell-off, it was “maybe the second-most […] More
Bill Miller, founder of Miller Value Partners, disagreed Wednesday with the assessment made by other major investors about the market’s valuation being too high. “If you look at the overall market … we’re trading around 17 times the consensus on bottom-up earnings for 2021, which is about the average for the last five years,” Miller […] More
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. Andrew Harrer | Bloomberg | Getty Images The coronavirus market downturn spurred young people — in some cases, for the first time in their lives — to get […] More
US stocks opened higher on Tuesday on hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy, with investors also weighing the risks of reopening too soon. The Dow Jones Industrial Average rose 70.85 points, or 0.29 per cent, at the open to 24,292.84. The S&P 500 opened higher by […] More
US stocks opened lower on Monday after last week’s rally as investors worried about a second wave of coronavirus infections with the reopening of several economies. The Dow Jones Industrial Average fell 74.87 points, or 0.31 per cent, at the open to 24,256.45. The S&P 500 opened lower by 14.34 points, or 0.49 per cent, […] More
Billionaire hedge fund investor Paul Tudor Jones said Monday the economy would be in a “Second Depression” if the coronavirus pandemic doesn’t get contained in a year. “Just depends on whether unfortunately this goes to a year with this kind of a lockdown,” Jones said on CNBC’s Squawk Box on Monday. The Great Depression from 1929 to 1939 was the worst […] More
NEW YORK: A week packed with US economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an unprecedented slowdown. The raft of data will include reports on retail sales, industrial […] More
US stocks jumped at the open on Friday as an easing in US-China friction added to optimism from data showing the US economy lost fewer jobs in April than feared due to the coronavirus crisis. The Dow Jones Industrial Average rose 231.93 points, or 0.97 per cent, at the open to 24,107.82. The S&P 500 […] More
Peloton machine Source: Peloton Many on Wall Street were convinced the usual playbook would occur when this market and economic downturn hit. Bubble-like tech stocks that led the way up would get crushed as a bear market exposed their hype and sent stock speculators scrambling. But the opposite has happened. The names skeptics used to […] More
Lloyd Blankfein, the ex-Goldman Sachs CEO whose bank accepted bailout funds during the financial crisis, said that large companies should be “very reluctant” to take taxpayer money amid the coronavirus pandemic. “Big companies should be very reluctant to take government money,” Blankfein said Thursday on CNBC’s Squawk Box in response to a question about how […] More
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