Author Topic: A Speculative Frenzy Is Sweeping Wall Street and World Markets  (Read 2639 times)

rcjordan

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A Speculative Frenzy Is Sweeping Wall Street and World Markets
« on: December 20, 2020, 02:49:34 PM »
Mania is laid bare in IPO surge, options boom and crypto fever
Animal spirits are famously running wild across Wall Street


https://www.bloomberg.com/news/articles/2020-12-19/a-speculative-frenzy-is-sweeping-wall-street-and-world-markets

Travoli

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Re: A Speculative Frenzy Is Sweeping Wall Street and World Markets
« Reply #1 on: December 21, 2020, 02:30:00 AM »
Party until the printers stop?

ergophobe

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Re: A Speculative Frenzy Is Sweeping Wall Street and World Markets
« Reply #2 on: December 21, 2020, 03:35:02 AM »
Quote
Investors still can’t get enough. The first-day return for IPOs averaged 40% this year, the highest ever other than 1999 and 2000, according to one estimate.

So I guess I'm not the only one surprised by Airbnb doubling on the first day. Of course, there was that guy who wrote the book with a title like Dow 30,000 and it seemed absurd, and yet here we are. Of course, if enough people make enough predictions, one of them is likely to be right about almost any given situation.

rcjordan

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Re: A Speculative Frenzy Is Sweeping Wall Street and World Markets
« Reply #3 on: December 21, 2020, 03:38:33 AM »
Roaring 20's followed by...

rcjordan

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Re: A Speculative Frenzy Is Sweeping Wall Street and World Markets
« Reply #4 on: December 21, 2020, 03:52:33 PM »
In your heart of hearts, you **know** Debbie is right.

>Roaring 20's followed by...

Epidemiologist looks to the past to predict second post-pandemic 'roaring 20s' | The Guardian

https://www.theguardian.com/world/2020/dec/21/epidemiologist-1918-flu-pandemic-roaring-20s-post-covid

ergophobe

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Re: A Speculative Frenzy Is Sweeping Wall Street and World Markets
« Reply #5 on: December 27, 2020, 11:55:59 PM »
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“The market right now is clearly foaming at the mouth,” said Charlie McElligott, a market analyst with Nomura Securities in New York.

The S&P 500 index is up nearly 15 percent for the year. By some measures of stock valuation, the market is nearing levels last seen in 2000, the year the dot-com bubble began to burst. Initial public offerings, when companies issue new shares to the public, are having their busiest year in two decades — even if many of the new companies are unprofitable.

Quote
The appetite of individual investors has been an unexpected byproduct of the pandemic. For many, trading stocks started as a way to indulge their speculative itch when other avenues, such as sports gambling, were effectively shuttered.

https://www.nytimes.com/2020/12/26/business/investors-bull-market-pandemic.html
« Last Edit: December 27, 2020, 11:58:11 PM by ergophobe »

rcjordan

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Re: A Speculative Frenzy Is Sweeping Wall Street and World Markets
« Reply #6 on: January 26, 2021, 06:06:19 PM »

rcjordan

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Re: A Speculative Frenzy Is Sweeping Wall Street and World Markets
« Reply #7 on: March 20, 2021, 11:16:20 PM »
>Roaring Twenties:

Miami Beach imposes curfew amid huge spring break crowds.
https://slate.com/news-and-politics/2021/03/miami-beach-curfew-spring-break-crowds-coronavirus.html

rcjordan

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Re: A Speculative Frenzy Is Sweeping Wall Street and World Markets
« Reply #8 on: March 21, 2021, 02:15:29 PM »
>Roaring 20s

The 65+ Crowd Is Vaccinated and Ready to Party - The New York Times
https://www.nytimes.com/2021/03/21/health/older-residents-covid-vaccine.html