Do A Somersault — Now!

from the the-market-these-days dept

An amusing, but true, column by James Cramer at He describes the state of the current market for tech stocks as like a diving competition where the judges yell “do a somersault — now!” after the diver has left the platform – since companies were told to spend and spend and not worry about profits, and suddenly it’s “show us profits — now!”. He also points out how this puts some private companies in a lot better position than many public companies. Though, it also means that if things turn around, many public companies will be able to buy back large chunks of their own stock very cheaply.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...