#WSJ: #Tesla and Other #Bubble #Stocks Have #Deflated Just Like 2000: https://lnkd.in/e…

Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6811324779505741824

#WSJ: #Tesla and Other #Bubble #Stocks Have #Deflated Just Like 2000: https://lnkd.in/ehEgHJY : Fashionable areas of #clean #energy, #electric #cars, #cannabis stocks and #SPACs have dropped sharply this year, in an echo of the dot-com era: Is the dot-com bust happening again right under our noses? It might seem an odd claim, but there is a remarkable resemblance between the #speculative boom-to-bust of late 1999 and the first half of 2000 and what’s happened over the past nine months in the fashionable areas of #clean #energy, #electric #cars, #cannabis stocks and #SPACs. The similarities are in both #performance and #investor #behavior. The late-1999 fear of missing out #FOMO on internet stocks inflated the Nasdaq Composite 83% from the end of September to its March 2000 top.
The Wall Street Journal #Tesla and Other #Bubble #Stocks Have #Deflated Just Like 2000: https://lnkd.in/ehEgHJY :

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