Jeremy Grantham has diagnosed an epic market bubble and expects a devastating crash. The GMO cofounder has called out dangerous speculation on meme stocks and cryptocurrencies. Here are Grantham’s 12 best quotes about bubbles and crashes since the pandemic began.
ALEXIS CHRISTOFOROUS: Elon Musk is at it again, moving the price of Dogecoin after saying the alt crypto can be used to buy Tesla merch. Yahoo Finance’s Jennifer Schonberger now with more. And last check, I saw Doge up about 16%,
(Bloomberg) — To cryptocurrency true believers, Bitcoin is the ultimate store of value, the most solid hedge against the rampant inflation manufactured by reckless central banks and their money-printing. To skeptics, the crypto world as a whole is a mirage
* JPM tumbles 6% after Q4 report, Citi loses 1.3% * Wells Fargo rises 3.7% after higher profit * Casino stocks up as Macau caps new licenses at six * Dow falls 0.56%, S&P rises 0.08%, Nasdaq up 0.59% (Updates
Note to Zuckerberg: META Stock Ticker Will Soon Be Available (Bloomberg) — Meta Platforms Inc., which changed its name from Facebook Inc. late last year but hasn’t yet adopted a new stock symbol, could soon have the perfect ticker: META.
The new year has not been kind to cryptocurrencies, which rose on Wednesday despite about a week of selling that briefly drove Bitcoin below $40,000. A jittery market has begun 2022 on a sour note, with a suddenly hawkish Federal Reserve and