‘Embrace the coming crash’: A notorious market bear who called the dot-com bust warns big tech stocks are on the verge of succumbing to the economy’s downturn
Societe Generale’s Albert Edwards says tech stocks face a downfall similar to the dot-com bust he forewarned about in the late 1990s. While acknowledging their market leadership so far during this pandemic, he warns that their prices are rising at an unsustainable pace relative to profit growth. He likened the appeal of tech stocks today to … Read more