Tag Archives: Speculative

Soon after bitcoin (BTC-USD) startled investors with a rare drop below $30,000 last week, the cryptocurrency has rebounded dramatically in recent days, rising well above $40,000.  The sudden bounce back has cheered bitcoin bulls but also underscored a concern among critics that the volatility of the most popular cryptocurrency makes it useless for the buying and selling of goods.  Pavan Sukhdev, the president of environmental advocacy group WWF International and a former managing director at… Source link

Billionaire bond investor Jeffrey Gundlach called Bitcoin and cryptocurrencies are the “poster child” for speculation in a market with frothy valuations. The increasingly hot sector has had a rough couple of days, after Elon Musk sent Bitcoin (BTC) reeling on Wednesday. In a surprise move, the billionaire founder of Tesla (TSLA) said the company would stop accepting the digital currency for car purchases, touching off a new bout of volatility in crypto. According to Gundlach, the founder and… Source link

TipRanks Oppenheimer: 2 Stocks That Could Climb Over 100% Markets are taking us all for something of a roller coaster ride in recent sessions, alternating gains and drops in precipitous fashion. There’s no telling exactly what comes next, but some of Wall Street’s sharpest minds are on the job. One of those sharp minds is John Stoltzfus, chief investment strategist and managing director at Oppenheimer. Stoltzfus sees us in the preparatory phases of further market gains, and he goes to… Source link

(Bloomberg) — Animal spirits are famously running wild across Wall Street, but crunch the numbers and this bull market is even crazier than it seems. Global stocks are now worth around $100 trillion. American companies have raised a record $175 billion in public listings. Some $3 trillion of corporate bonds are trading with negative yields. All the while the virus spreads, the economic cycle stays on life-support and businesses get thrashed by fresh lockdowns. Spurred by endless monetary… Source link