Bubble Stocks Update

By October 29, 2018 Blog

 

            With all the turmoil in the markets, I felt it was time to take a look back at the ten bubble stocks from my post after the close on October 3.  The table below shows the performance between the close on October 3 and the close today (October 29).  The table shows that the average return for all ten has hit bear market territory – down more than 20%.  If Tesla, the one exception to the rule is eliminated, the average for the other nine is down an astonishing 25.5%.  Turning to the individual stocks, there (AMD, Roku and Square) are down more than 30%.  Amazon has shed more than $250 billion in market value.  It is stunning how quickly sentiment can change on relatively scant economic news.

 

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