Attention Economy


Friday, January 8, 2021

Speculation and Asset Prices

Day-Trader Heaven Arrives as Tesla, Bitcoin and Stock Options Surge
https://www.bloomberg.com/news/articles/2021-01-07/day-trader-heaven-arrives-as-tesla-bitcoin-stock-options-surge
“Speculative mania is snowballing as assets rise in almost perfect proportion to their embedded risk. That’s a fact that concerns Wall Street’s more sober-minded observers, who say that while owning fringe assets always looks like genius in a rising market, recklessness gets exposed when the tide turns”.