I realize the equity markets are making all time highs...almost everyday, but I think the WeWork debacle is one of several events to come signalling a top in the equity markets are very near...very near meaning within the next 6-12 months.
I realize the equity markets are making all time highs...almost everyday, but I think the WeWork debacle is one of several events to come signalling a top in the equity markets are very near...very near meaning within the next 6-12 months.
Very true.
Often we see a company like this as the poster child for the insanity that is the markets. In the dotcom, we had a ton to choose from since that was a period of complete insanity.
Today, even though extended, I do not see us at the same level of insane behavior. Most of the companies that are flying are solid albeit over valued. And the question of the future of the global economy is relevant.
WeWork is the epitome of an idea and not much more. Unlike Tesla and Amazon who struggled for years, you could at least see progress and expansion. WeWork, I see nothing.
Another that I throw into that category is Uber. I see that as a dying animal although they are trying to tangent.