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2020-02-24 15:00:08

Speculative trading on a late-cycle market shown by impressive peaks, massive reversals predicted

According to Peter Boockvar, the chief investment officer of Bleakly Investment Group (CIO), there is a massive stock correction coming up our way because many popular stocks have reached impressive peaks as a result of speculative trading. According to Peter, this is not happening for the first time and is the result of a phenomenon called the late-cycle market. He adds that the stocks of companies like Tesla, Virgin Galactic Holdings, and Plug Power have been soaring high, and it is totally because of speculative trading instead of fundamentals and the underlying value. Bitcoin prices pumped by speculative trading With