Baytex Energy Corp T.BTE

Tech & the "Cycle"

[BayStreetWolfTO]

Lots of talk that Tech is between Denial and Fear on the CME scale...people shifting to cash will be looking for other opportunities. Energy talk seems to now exceed tech talk.

https://www.cnbc.com/2022/01/06/hedge-funds-are-selling-tech-shares-at-their-fastest-pace-in-a-decade-as-rates-spike.html

"Hedge funds are selling tech shares at their fastest pace in a decade as rates spike"

[BayStreetWolfTO]

Tech sell continues NASDAQ down 350. Someone I know thinks NASDAQ going down to 9,000 this year. I have said tech is way overvalued...but that would be quite the fall. Cathie and her ARKK bleeds another 4-5% today so far....she should have transitioned to commodities. She is down almost 60% on the 1 year I think we continue to see transition to value and commodities in 2022

[GrumpyMonk]

Poeple will never learn, investing in the shiny object. I like Jeff Currie espression, "Its the revenge of the old economy".