Man. I don’t know. I don’t know, man. Elon Musk tweeted yesterday that he is “considering taking Tesla private at $420. Funding secured,” and the internet was engulfed in a ball of flame that was visible from space. There Continue reading →
They’ve faced threats before: swollen valuations, a stagnating economy, stretches of declining earnings. Now investors are dealing with a new menace, and it’s wreaking more havoc than anything in two years.
When people can’t understand what markets are doing, they often turn to psychological phenomena to try and explain it: Think of stock phrases such as “irrational exuberance,” “greed and fear,” and “climbing a wall of worry.” Even economists now widely Continue reading →