The #MysteryBroker says unequivocally that most of tech is in a bubble and near a peak. He notes that a technology or Internet bubble happens every 15-20 years (1968, 1983, 2000, 2020)...
The #MysteryBroker cites much of what we’re all looking at: wild speculative momentum in flimsy EV businesses, the mad rush into the IPO ETF, the SPAC cash grab, credulous and dramatic stock surges responding to analyst hype and, yes, the bitcoin quote graphic on CNBC...
The #MysteryBroker says we’ve “entered the last hurrah for growth and speculative stocks.” It will pressure overall market but not necessarily drive across-the-board losses...
The #MysteryBroker continues to expect a sharp, brief market correction in January. But value/cyclical stocks can still do fine – for years even – as happened after tech peaked in 2000...
Feel free to write off #MysteryBroker’s call of a tech bubble. He’s been in the business since the mid-‘80s. Some see long experience as an advantage and others who figure it’s an impediment to embracing the future. This divide also existed in ’68, ’83, ’00.
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