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Tech stocks: Cape fears suggest sell off has further to go
科技股:对CAPE的担忧表明抛售还将继续

Robert Shiller’s index shows stocks are still expensive
席勒指数显示股市仍很昂贵,但科技行业不应被视为同质化。例如流媒体资产降级是合理的,而科技巨头较为安全。

It is fitting that shares in online broker Robinhood are down 80 per cent from their high. Live by meme stock mania, die by meme stock mania. But the great tech stock rout is proving uneven. Cryptocurrency platform Coinbase is off 45 per cent, following the trajectory of bitcoin’s decline. Meanwhile, giants such as Alphabet have lost about a tenth of their market value.

在线经纪商Robinhood的股价从高点下跌了80%,这是合适的。因网红股狂热而生,因网红股狂热而死。但事实证明,科技股的大幅下挫并不均衡。继比特币下跌之后,加密货币平台Coinbase也下跌了45%。与此同时,Alphabet等巨头的市值损失了约十分之一。

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