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So many younger investors, even those who are in their mid 30s, are too young to remember the dot-com era. They have been investing in a world where growth stocks, large and small, were rewarded..UN ....
Peak Speculation Boring big-caps are where it s at, and SPACs, electric vehicles and the like are not. Let s see what s going on. Stocks quotes in this article: BLNK, XLP Let me begin by noting something I have noted here before, but probably bears repeating: I think the speculative stocks have peaked. I think what we saw back in January and February was the sort of action that was highly speculative and unsustainable. That doesn t mean we can t see speculation elsewhere. It doesn t mean we won t see pockets of action similar to that again. But three months ago we saw what I might term a speculative top. We saw SPACs so may special purpose acquisition companies become the flavor of the day. Are there really that many great deals out there that we needed hundreds of SPACs? ....