RE:Bubbled SectorsThis NIO shiitt is tanking daily.. Due to be the same homeland as Covid-19.... BETTER sell this junk and run!!! WILL NEVER BE ABKE TO COMPETE WITH TSLA...Chinese shitt...
Stocker1973 wrote: Be careful of the following sectors. Bubble may burst anytime. Read the article below by Motley Fool. Sean Williams thinks the market should probably get down from there before it hurts itself. As investors get as giddy now as they were fearful back in March, hes found three swingin sectors that seem ready for a nasty stumble: Electric vehicles. Fossil fuels contribute to the climate change that now threatens to slowly cook us all. Gasoline-powered cars spew a good chunk of that climate-crushing carbon into the atmosphere. And as more countries wake up to this threat, electric vehicles -- which produce no emissions as they run, and can charge up from lower- or zero-emission energy sources like solar power -- seem like an inevitable part of the solution. Unfortunately, the markets expectations for these companies way, way, wayoutpace their current reality. Companies that cant make a profit to save their lives -- or can eke one out only through regulatory sleight of hand -- trade at vastly higher valuations than long-established companies that make way more actual cars -- and actual profits, too. SPACs. Imagine you have a private company that wants to go public, but doesnt want to jump through all the necessary hoops to score a listing on a public market. Enter a SPAC -- a special purpose acquisition company. It doesnt actually do anything, but its filed all the right paperwork to earn a spot on the market. Merge your private company with that SPAC, and presto! Instant public company. Problem is, people have been buying into SPACs before they announce merger plans, when theyre just empty shells wandering the market in search of something to give them meaning. This shut up and take my money approach to investing seems unwise, to say the least. Cryptocurrency. Folks. Come on. Weve talked about this. Blockchain is a cool idea! Digital currency, too! But if your digital currency isnt backed by anything real, makes up only the tiniest fraction of global GDP with no viable path to widespread use, and rises or falls for no apparent reason, maybe consider a different investment?