The rising cost of capital has worried investors that the days of heady growth are over. “Investors generally need a catalyst for an action,” he said. Let the wild rumpus start That’s what I thought when I pulled open the Where the WIld Things Are kit Such wonderful things that envelope contained The first thing I grabbed, to look at, was the map paper. Bender: derogatory term for homosexual, like 'poof.' (Note: You probably shouldnt use it or youll get slapped, but its worthy of note for giving Futurama a very different meaning. Barmy: crazy, insane always derogatory.4. Netflix, which boomed during the pandemic lockdowns, saw its share price collapse after a disappointing earnings result last week that predicted a slowdown in subscribers.įor Brian Wieser, president of business intelligence at GroupM Global, Netflix’s woes may have been the catalyst that changed investor confidence in the sector. Baccy: shortened word for 'tobacco ' also, 'wacky backy' means marijuana. Microsoft will be followed by Apple, Tesla, Intel and Samsung this week, with more to come from Alphabet, Amazon and Meta next month – a litmus test for a newly acid view on a sector that now dominates the stock markets and much of daily life.Īlready one of the pandemic’s winners has shown how much the mood has changed. Its shares initially fell 5% in after-hours trading. The Seattle-based tech giant announced sales topping half a billion a day and a profit of more than $18bn. The latest test of investor resolve came on Tuesday when Microsoft released its quarterly results. The “wild rumpus” has begun, according to Grantham. It is not just tech that has blown up, but housing prices, commodities and bond prices. Jeremy Grantham, the British co-founder of Boston-based investment manager GMO, believes the US is now in a “super-bubble” comparable to the dotcom era, the Wall Street crash of 1929, and the housing market madness of 2006.
Let the wild rumpus start quote update#
The Fed on Wednesday issued its latest update on its plans to raise rates in order to curb inflation, and the world’s largest tech firms are preparing to issue their latest results to investors, who appear to have grown more skeptical about their prospects. Analysts expect more volatile days ahead. Tuesday was more of the same with the Dow losing 800 points only to gain most of it back.
The Dow Jones at one point lost more than 1,000 points before ending up just over 100. On Monday, US stock markets crashed then rallied.
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